Equilibrium real exchange rate in Fiji: an empirical study

Jayaraman, Tiruvalangadu K. and Choong, C.K. (2011) Equilibrium real exchange rate in Fiji: an empirical study. International Journal of Monetary Economics and Finance, 4 (3). pp. 238-253. ISSN 1752-0479

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Abstract

Given the fact that Fiji has a very narrow range of exportable commodities with a high degree of dependence on tourism earnings, maintenance of a competitive real exchange rate is of utmost importance. This paper undertakes an empirical analysis of Fiji's real exchange rate, by estimating long-run equilibrium real exchange rate and examining the short-run dynamics of real exchange rates and detection of possible misalignment. Empirical investigation shows that there has been no large, persistent instance of misalignment of Fiji's Real Effective Exchange Rate (REER).

Item Type:	Journal Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Shalni Sanjana
Date Deposited:	14 Jun 2011 01:54
Last Modified:	10 Jul 2012 08:22
URI:	https://repository.usp.ac.fj/id/eprint/4683

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