understanding Fiji's declining foreign reserves position

Narayan, Paresh and Narayan, Seema 2009, understanding Fiji's declining foreign reserves position, Pacific economic bulletin, vol. 24, no. 2, pp. 95-112.

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Title understanding Fiji's declining foreign reserves position
Author(s) Narayan, Paresh
Narayan, Seema
Journal name Pacific economic bulletin
Volume number 24
Issue number 2
Start page 95
End page 112
Publisher Asia Pacific Press
Place of publication Canberra, A.C.T.
Publication date 2009-07
ISSN 0817-8038
1834-9455
Summary This article examines the volatility in Fiji’s foreign reserves—in particular, whether shocks have an asymmetrical effect on volatility and whether shocks have a  persistent impact on volatility. In the pre-coup period (1975–86), shocks had a temporary effect on volatility; in the coup period (1987–2006), shocks had a more lasting impact. In the pre-coup period, negative shocks contributed more to  foreign reserves volatility than positive shocks; but in the period including the  coups, positive shocks increased the volatility of foreign reserves more than  negative shocks. The reasons for, and the policy implications of, this  asymmetrical behaviour are explored.
Language eng
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2009, The Australian National University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022697

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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