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Macroeconomic Policy Frameworks of Small States

A Case Study of Malta

image of Macroeconomic Policy Frameworks of Small States

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.

English

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Monetary Policy Strategies, Targets, Instruments, Transmission Mechanism, For Addressing The Most Common Shocks Facing The Small States

The Central Bank of Malta is an independent institution and a fully-functioning member of the Eurosystem. It has as its major functions the regulation and supervision of banks and financial institutions, and the conduct of monetary policy. These powers are vested in the bank under the Banking Act 1994 and the Financial Institutions Act 1994. It also has, as mandated by the Malta Stock Exchange Act 1990, the responsibility of supervision of the exchange to protect investors and promote a sound securities market.

English

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