Samoa: Selected Issues and Statistical Appendix
June 1, 2007
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This Selected Issues paper on Samoa reviews limitations to the existing framework of monetary policy, and suggests ways to improve its effectiveness. It examines current instruments at the disposal of the central bank to conduct monetary policy, before showing why monetary policy execution can be sometimes difficult. It also shows that such problems are not uncommon in economies with shallow financial markets. The paper also takes stock of developments since the early 1990s, and asks what major impediments to sustained private development remain.
Subject: Balance of payments, Commercial banks, Financial institutions, Financial markets, Foreign direct investment, Interbank markets, Money markets, Securities, Securities markets
Keywords: Australia and New Zealand, CBS securities, community service obligation cost, cost, CR, credit, credit information, financing cost, Foreign direct investment, guide market expectation, Interbank markets, interest rate, ISCR, liquidity condition, liquidity forecasting framework, monetary policy execution, Money markets, Pacific Islands, RBV note, reform priority, return, Samoa, Securities, Securities markets
Pages:
46
Volume:
2007
DOI:
Issue:
184
Series:
Country Report No. 2007/184
Stock No:
1WSMEA2007001
ISBN:
9781451840735
ISSN:
1934-7685
