Macroeconomic Policy Frameworks of Small States - Bookswagon
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Macroeconomic Policy Frameworks of Small States: A Case Study of Malta

Macroeconomic Policy Frameworks of Small States: A Case Study of Malta


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About the Book

Malta’s socio-economic successes have been remarkable. Key policy decisions have enabled this small island state to cope with its inherent vulnerabilities. This book reviews the implementation of macroeconomic policies in Malta, identifying the key issues, lessons learnt and best practices which could be adapted by other small states. It also sets out the country’s challenges for the future, which include managing a huge fiscal deficit, a high unemployment rate and attending to the conflicting demands of environmental conservation and economic development.

Table of Contents:
Preface The Country Profile Introduction 1. Fiscal Policy Framework Part I – Key Issues and Lessons Learnt 2. Economy of Malta 2.1 The Productive Sector 2.2 Government Revenue and Expenditure 2.3 Budget Surplus and Deficit 2.4 Public Debt 2.5 Economic Growth 2.6 Public Involvement in the Productive Sector 2.7 Economic Vulnerability Part II Fiscal Policy Strategies in Small States 3. Economic Liberalisation and Privatisation Programme 3.1 Measures to Address Budget Deficit 3.2 Business Environment in Malta 3.3 Effect of Regional and International Agreements on Fiscal Policy 3.4 The Factors that Reduce the Fiscal Size in the Country 4. The Socio-Economic Context 4.1 Socio-Economic Development 4.2 EU Membership 4.3 Measures to Address Climate Change 4.4 Key Development Indicators Monetary Policy Framework Part I - Key Issues And Lessons Learnt 5. Introductory Remarks 5.1 Transparency of Monetary and Financial Policies 5.2 The Financial System of Malta 5.3 The External Reserves 5.4 Inflation Part II - Monetary Policy Strategies, Targets, Instruments, Transmission Mechanism, For Addressing The Most Common Shocks Facing The Small States 6. Independence And Transparency Of The Institution 6.1 Supervision Of Credit And Financial Institution 6.2 Transparency In Monetary Policy Operations 6.3 Exchange Rate Policy 6.4 Interest Rates 6.5 Exchange Control 6.6 Relationship with other International Institutions Part III- Country Case Studies 7. Malta’s Deteriorating External Competitiveness 7.1 Depositor Compensation Scheme 8. Conclusion

About the Author :
Dr Gérard Adonis is Head of the Faculty of Humanities at the University of Seychelles and a consultant in the areas of economics, econometrics and small island issues. Dr Adonis was founding member/trustee of the Seychelles University Foundation.


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Product Details
  • ISBN-13: 9781849290630
  • Publisher: Commonwealth Secretariat
  • Publisher Imprint: Commonwealth Secretariat
  • Height: 240 mm
  • No of Pages: 58
  • Width: 165 mm
  • ISBN-10: 1849290636
  • Publisher Date: 23 Sep 2011
  • Binding: Paperback
  • Language: English
  • Sub Title: A Case Study of Malta


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