Author Description

Considerable attention has been focused on the process of financial intermediation, providing a link between savings and investment activities, and its impact on economic development, but mainly in the context of larger developing countries. This study examines the problems of and policies for financial intermediation in small economies. It contains an examination of the role of financial institutions, measures for their efficient working and an appropriate policy frame, along with an analysis of financial structure in eleven Commonwealth small island developing economies: Bahamas, Barbados, Fiji, Hong Kong, Maldives, Papua New Guinea, St Lucia, Seychelles, Singapore, Solomon Islands and Western Samoa.