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Monetary policy in Fiji

Rao, Bhaskara B. and Singh, Rup (2006) Monetary policy in Fiji. Pacific Economic Bulletin, 21 (2). pp. 1-21. ISSN 0817-8038

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Abstract

In order to achieve its central policy objectives of maintaining low inflation and a stable currency, this article finds that the Reserve Bank of Fiji should switch back from using the bank rate as its main policy instrument to use of the money supply. It is also recommended that the bank rate and deposit rates be raised to levels comparable with Australia and New Zealand in order to reduce capital outflows and increase savings. Further, the Reserve Bank of Fiji should consider widening its bounds for variations in the exchange rate to reduce the need for occasional large devaluations.

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: 17 Mar 2006 12:56
Last Modified: 14 May 2012 16:50
URI: http://repository.usp.ac.fj/id/eprint/3937
UNSPECIFIED

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