This inquiry will have a particular focus on the purchase of foreign cash, and the transfer or remittance of money overseas. It will also consider other ways that consumers and small businesses perform foreign currency transactions, such as via credit, debit or pre-paid travel cards.

We propose a method for global equity fund performance evaluation that extends existing research by addressing both equity and currency factor exposures. Returns in excess of the risk-free rate are decomposed into contributions arising from the market, exposure to six equity and three currency ‘style factors’, and alpha. The method supports an understanding of how...

We explore the conditions under which a financial asset emerges as a global store of value and can co-exist with a pre-existing (incumbent) store of value. In our model the acceptability of an asset as a global store is driven by the issuing region’s financial development, growth rate, degree of capital liberalization, and by strategic...

China has approached the internationalisation of the Renminbi (RMB) by taking cautious but deliberate steps towards a more liberalised economy. The intent to internationalise the currency is clearly expressed in China’s five year plan and further endorsed by the 18th Plenum in 2013. However the pathways, sequencing and timing of internationalisation are the subject of...

This thesis intends to investigate the asymmetric effects of monetary policy on regional prices within Fiji. The monetary policy shocks are generated by removing any systemic response to future economic conditions from the actual policy rate that is set by the Reserve Bank of Fiji (RBF). This method of generating shocks involves utilizing the data...