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Is money endogenous in Pacific Island countries?

Jayaraman, Tiruvalangadu K. and Choong, C.K. (2009) Is money endogenous in Pacific Island countries? Journal of Eastern Caribbean Studies, 34 (3). pp. 67-77. ISSN 1028-8813

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The article discusses the results of a study on the endogeneity of money in several Pacific Island countries (PIC) using some econometric methods. It states the statistical significance of a narrow money, which would indicate the possibility that an increase in the reserve would result in greater narrow money in the long term. Based on Granger Casuality Test, a bi-directional causality was observed between aggregates and reserve money for Fiji and Vanuatu. It was noted both Fiji and Vanuatu cannot depend on reserve money.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 26 May 2009 21:24
Last Modified: 30 Jan 2012 22:24

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