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Is the money multiplier relevant in a small, open economy? Empirical evidence from Fiji

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dc.contributor.authorJayaraman, T.K.en_AU
dc.contributor.authorWard, Bert D.en_AU
dc.date.accessioned2019-03-30T06:29:17Z
dc.date.available2019-03-30T06:29:17Z
dc.date.created2004en_AU
dc.description.abstractThe paper reports the results of a quantitative analysis of the linkages in Fiji between reserve money, known as the monetary base (MB) and the money supply, and tests whether the familiar money multiplier is of any policy relevance to this small country under its fixed exchange rate regime. The paper examines the relationship between monetary aggregates and the monetary base in Fiji. It is established that the conventional money multiplier concept is not empirically valid in the case of a small, open economy with a fixed exchange rate regime.en_AU
dc.format.extent1 vol.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn1834-9455 (online)en_AU
dc.identifier.issn0817-8038 (print)en_AU
dc.identifier.other192_money.pdfen_AU
dc.identifier.urihttp://hdl.handle.net/1885/157716
dc.language.isoen_AUen_AU
dc.publisherCrawford School of Public Policy, The Australian National Universityen_AU
dc.publisherAsia Pacific Pressen_AU
dc.rightsAuthor/s retain copyrighten_AU
dc.sourcePacific Economic Bulletin, Vol. 19 , No. 2, 2004en_AU
dc.titleIs the money multiplier relevant in a small, open economy? Empirical evidence from Fijien_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.placeofpublicationCanberra, ACT, Australiaen_AU
local.publisher.urlhttp://www.crawford.anu.edu.au
local.type.statusPublished Versionen_AU

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