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Abstract. This paper discusses the relation devaluation has on economic growth. It looks at the expansionary effect that has been the tradition dominant view as opposed by the empirical studies...
1 cze 2016 · The current paper investigates the effectiveness of devaluation in improving trade balance with reference to Fiji. A small island economy has limited exportable and hence highly depends on imports for both consumption and production purposes.
1 lis 2014 · The current paper attempts to empirically investigate this in the context of Fiji which has undergone devaluation four times during the last three decade.
Abstract. While the existing literature on the effectiveness of currency devaluation on trade balances, depicting the J-curve phenomenon, received mixed empirical supports, the current paper...
11 kwi 2011 · We achieve our goal by using the recently developed bounds testing approach to cointegration and the autoregressive distributed lag model and find that devaluation is expansionary in the case of Fiji.
Fiji maintains an exchange rate peg against the currencies of its main trading partners. The rate was first readjusted against the peg in 1987, in the context of reserve losses associated with the coups (an 18 percent devaluation followed by a 15 percent devaluation).
Fiji has witnessed three episodes of devaluation of its currency since 1975. In 1988 the Fijian currency was first devalued by 33 percent in order to prevent the
