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Public Organization Review
Published in: Public Organization Review 3/2016

21-04-2015

Coordination of Monetary and Fiscal Policies in Small Island Developing States: Two Case Studies

Authors: T. K. Jayaraman, Rubyna Boodhoo, Peter Tari

Published in: Public Organization Review | Issue 3/2016

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Abstract

The American financial crisis which began in the second half of 2007 ultimately deteriorated into a world economic downturn. Despite hopeful signs of recovery in early 2011, there was another setback in the second half of 2011, consequent to the euro zone debt crisis. These developments posed challenges of unprecedented nature to the small island developing states (SIDS). Being prone to shocks of all kinds, such as natural disasters and volatility in prices of fuel and food, SIDS have been struggling to keep their economies afloat with their limited range of fiscal and monetary policies, success of which depended on coordination between ministries of finance and central banks. This paper seeks to examine the subject with two case studies in two regions, the Indian Ocean and the Pacific.
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Metadata
Title
Coordination of Monetary and Fiscal Policies in Small Island Developing States: Two Case Studies
Authors
T. K. Jayaraman
Rubyna Boodhoo
Peter Tari
Publication date
21-04-2015
Publisher
Springer US
Published in
Public Organization Review / Issue 3/2016
Print ISSN: 1566-7170
Electronic ISSN: 1573-7098
DOI
https://doi.org/10.1007/s11115-015-0309-z

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