01683cas a2200241 a 4500 AALejournalIMF005880 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451840513 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Vanuatu : Background Paper. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (32 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Background Paper on Vanuatu reviews the development of monetary control instruments in five small island economies in the South Pacific (Fiji, Solomon Islands, Tonga, Vanuatu, and Western Samoa) and draws some lessons from their experience. The paper highlights that, except Solomon Islands which have extraordinarily high credit demand from the government, these economies have large structural excess liquidity in the banking system. The paper describes the financial sector in the five economies and analyzes the background for large excess liquidity. It also reviews the developments of monetary instruments in these economies from a comparative perspective. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1996/076 Full text available on IMF http://elibrary.imf.org/view/journals/002/1996/076/002.1996.issue-076-en.xml IMF e-Library