Tonga: Recent Economic Developments
This paper describes economic developments in Tonga during the 1990s. From 1993 to 1996, financial policies were quite expansionary. Following the licensing of two new banks, credit growth accelerated in 1994. The National Reserve Bank of Tonga initially adopted an accommodating stance, but in Decem...
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| Corporate Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
1997
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| Series: | IMF Staff Country Reports
IMF Staff Country Report No. 97/40 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | This paper describes economic developments in Tonga during the 1990s. From 1993 to 1996, financial policies were quite expansionary. Following the licensing of two new banks, credit growth accelerated in 1994. The National Reserve Bank of Tonga initially adopted an accommodating stance, but in December 1995, tightened monetary policy significantly. Hampered by its poor profitability in the use of indirect monetary instruments, it relied on an increase in reserve requirements. Meanwhile, fiscal policy had added further to demand pressures with the recurrent budget surplus declining, owing to a cost-of-living adjustment to government wages |
| Physical Description: | 1 Online-Ressource (65 p) |
| ISBN: | 1451837402 9781451837407 |
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| index_date | 2024-07-03T20:13:19Z |
| indexdate | 2024-07-10T09:35:27Z |
| institution | BVB |
| isbn | 1451837402 9781451837407 |
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| spelling | International Monetary Fund Verfasser aut Tonga Recent Economic Developments Washington, D.C International Monetary Fund 1997 1 Online-Ressource (65 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Country Reports IMF Staff Country Report No. 97/40 This paper describes economic developments in Tonga during the 1990s. From 1993 to 1996, financial policies were quite expansionary. Following the licensing of two new banks, credit growth accelerated in 1994. The National Reserve Bank of Tonga initially adopted an accommodating stance, but in December 1995, tightened monetary policy significantly. Hampered by its poor profitability in the use of indirect monetary instruments, it relied on an increase in reserve requirements. Meanwhile, fiscal policy had added further to demand pressures with the recurrent budget surplus declining, owing to a cost-of-living adjustment to government wages Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF002/07418-9781451837407/07418-9781451837407/07418-9781451837407.xml Verlag URL des Erstveröffentlichers Volltext |
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