TY - BOOK ID - 84548204 TI - Tonga : Selected Issues and Statistical Appendix. AU - International Monetary Fund. AU - International Monetary Fund PY - 2003 SN - 1455293342 1452710597 1283555697 9786613868145 1452763860 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Foreign Exchange KW - Money and Monetary Policy KW - Monetary Policy KW - Central Banks and Their Policies KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Monetary economics KW - Banking KW - Currency KW - Foreign exchange KW - Reserve requirements KW - Open market operations KW - Exchange rate arrangements KW - Credit KW - Monetary policy KW - Central banks KW - Money KW - International reserves KW - Banks and banking KW - Foreign exchange reserves KW - Tonga UR - https://www.unicat.be/uniCat?func=search&query=sysid:84548204 AB - This Selected Issues paper and Statistical Appendix reviews the past conduct of monetary policy of Tonga. The paper considers the problems in the current system and discusses the policy options available to the authorities. It reviews Tonga’s exchange rate policy and explores its effectiveness in light of the economy’s structure and macroeconomic developments. The paper also discusses some of the key features of the framework supporting the Tonga Trust Fund. Its main shortcomings are assessed in light of the best international practices and some lessons for the future are discussed. ER -