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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 · In this article, our aim is to model the relationship between currency devaluations and output for Fiji. Following the approach in Bahmani et al . ( Citation 2002 ), we extend the traditional model by incorporating other monetary and fiscal policy variables.
1 cze 2016 · Only 44% is retained in the economy for every one dollar of tourism expenditure in Fiji. Devaluation also creates a disincentive for locals to visit foreign countries for either leisure or business purposes as the cost of travel immediately rises.
In 1998, devaluation of Fiji's currency by 20 percent as a measure to meet the adverse impact of the Asian financial crisis resulted in a sharp rise in inflation. During the
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 cze 2016 · A devaluation, therefore, inflates domestic price and appreciates the real exchange immediately by raising importable consumption and discouraging imports used in domestic production. The paper...
Impact of the Fiji dollar Devaluation. Fiji devalued its currency in 1987 (twice), 1998 and 2009. In April 2009, the Fiji dollar was devalued by 20 percent against the basket of Fiji’s trading partner currencies.
