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Finance And Socio-Economic Development – Case Study On Fiji

Finance And Socio-Economic Development – Case Study On Fiji
August 18
11:00 2018

Krishal Prasad, an economist at the Reserve Bank of Fiji has jointly completed a research with Grif­fith University’s Parmendra Sharma and Samsul Alam titled ‘Finance and Socio-Economic Development in Fiji.’

The paper aims to bridge the gap in the literature on financial development trends in Pacific Island Countries, using Fiji as a case study.

In particular, the study examines the re­lationships between finance vis-à-vis eco­nomic growth, poverty, income inequality and health.

Although there is an abundance of re­search done for other countries and re­gions, this study is the first of its kind for Fiji and the region.

To understand the financial development trends, the paper uses globally acceptable measures such as private sector credit to gross domestic product (GDP), finan­cial sector deposit to GDP, stock market capitalisation, bank branches per 100,000 adults and bank credit to bank deposit ra­tio.

The paper then compares Fiji’s trends with other similar economies which in­clude Guyana, Jamaica, Maldives, Panama as well as other Pacific Island Countries.

Data were sourced from the Global Fi­nancial System Database, International Monetary Fund, World Bank and Reserve Bank of Fiji.

In addition, the paper examines a num­ber of finance related relationships for Fiji.

Among these, the finance-health relation­ship is of keen interest as it is a new area of research globally.

The study provides a basis for further investigations into the finance vis-à-vis various socio- economic relationships.

The full article may be accessed from the following links:

https://www.griffith.edu.au/asia-insti­tute/our-research/south-pacific-centre-cen­tral- banking/working-papers and https://www.rbf.gov.fj/Publications-(1)/Working-Papers/Reserve-Bank-of-Fiji-and-Griffith-University-Worki

The paper titled Trilemma or Quadrilem­ma – the case of a Pacific Island Country which was authored by Jen-Je Su, Lavenia Cocker, Disusu Delana and Parmendra Sharma was published in the review of Pacific basin financial markets and poli­cies journal.

Ms Cocker is a senior analyst in the fi­nancial markets group and Disusu Delana is acting senior economist at the RBF.

There are a number of joint papers of RBF and Griffith University currently in progress and will be published in due course.

Reserve Bank of Fiji

Feedback: maraia.vula@fijisun.com.fj

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