Rao, Bhaskara B. and Singh, Rup (2006) Monetary policy in Fiji. Pacific Economic Bulletin, 21 (2). pp. 1-21. ISSN 0817-8038
Full text not available from this repository.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 00:56 |
| Last Modified: | 14 May 2012 04:50 |
| URI: | https://repository.usp.ac.fj/id/eprint/3937 |
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