Jayaraman, Tiruvalangadu K. and Ward, B.D. (2004) Is money multiplier relevant in a small, open economy: empirical evidence from Fiji. Pacific Economic Bulletin, 19 (2). pp. 48-53. ISSN 0817-8038
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Abstract
This paper examines the relationship between monetary aggregate and monetary base in Fiji. It is established that conventional money multiplier analysis is not valid in the case of a small, open economy with a fixed exchange rate regime. This result is no different from the one reached by studies in similarly placed countries in other regions. Thus, the money multiplier appears to be of no policy relevance for small island economies in the Pacific.
| 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: | 01 May 2004 09:32 |
| Last Modified: | 03 May 2012 08:45 |
| URI: | https://repository.usp.ac.fj/id/eprint/3100 |
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