Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/10261
Title: | A monetary analysis of foreign exchange market disequilibrium in Fiji | Contributor(s): | Ahmad, Shabbir (author); Shamsuddin, Abul (author); Treadgold, Malcolm (author) | Publication Date: | 2012 | DOI: | 10.1504/IJEPEE.2012.045436 | Handle Link: | https://hdl.handle.net/1959.11/10261 | Abstract: | This paper evaluates a monetary model of foreign exchange market pressure in Fiji using the autoregressive distributed lag bounds testing methodology. The results suggest that if the monetary authorities in Fiji fix the exchange rate, they lose the ability to implement an independent monetary policy through control of central bank credit. Stronger monetary control is regained to the extent that pressure in the foreign exchange market is relieved through exchange rate movements rather than reserve movements. | Publication Type: | Journal Article | Source of Publication: | International Journal of Economic Policy in Emerging Economies, 5(1), p. 66-81 | Publisher: | Inderscience Publishers | Place of Publication: | United Kingdom | ISSN: | 1752-0460 1752-0452 |
Fields of Research (FoR) 2008: | 140210 International Economics and International Finance 140212 Macroeconomics (incl Monetary and Fiscal Theory) |
Fields of Research (FoR) 2020: | 350207 International finance 380110 International economics 380112 Macroeconomics (incl. monetary and fiscal theory) |
Socio-Economic Objective (SEO) 2008: | 910104 Exchange Rates 910108 Monetary Policy 910101 Balance of Payments |
Socio-Economic Objective (SEO) 2020: | 150204 Exchange rates 150208 Monetary policy 150201 Balance of payments |
Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
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Appears in Collections: | Journal Article |
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