MACROFINANCIAL RISK INDICATORS FOR SMALL DEVELOPING STATES: A CASE STUDY OF STATISTICAL DEVELOPMENT IN FIJI

Devendra Kumar Jain, Rup Singh, Henali Kumar and Avanish Shukla
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Devendra Kumar Jain: (corresponding author)FLAME University, Pune India
Rup Singh: University of the South Pacific
Henali Kumar: Fiji National University, Suva Fiji
Avanish Shukla: Fiji National University, Suva Fiji

Asia-Pacific Sustainable Development Journal, 2024, vol. 31, issue 2, 181-204

Abstract: In pursuit of strategies to accelerate an economic recovery in the post-COVID-9 period, many countries are grappling with managing the macrofinancial risks resulting from increased government debt through massive external borrowings and overextended liabilities of the private sector. Such risks require careful assessment, pragmatic mitigation and innovative policy responses. This paper is focused on Fiji and includes a discussion on the recent advancements in developing macrofinancial risk indicators, assessment tools, key data gaps and the need to achieve adequacy of macrofinancial risk analysis. One conclusion from the paper is the suggestion to develop national statistics for enhanced risk analysis.

Keywords: macrofinancial risk; debt; economic recovery; small developing States (search for similar items in EconPapers)
JEL-codes: E44 E62 F34 O56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:31:y:2024:i:2:p:181-204

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