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The Relationship between Exchange Rates and Stock Prices: Studied in a Multivariate Model

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To achieve these objectives the government formulated various strategies. The Minister for Economic Development, stated that “the government has to tackle the most serious problems of mobilizing domestic savings to finance the nation’s investment program if it is to attain the desired goals (Toganivalu, 1978). This statement indicated a need for a mechanism, which can be an intermediary in the savings and investment process. So the development of the stock market was an integral element of the government overall strategy in order to utilize the private sector as the engine for economic growth. Fiji’s stock exchange, the South Pacific Stock.

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The Relationship between Exchange Rates and Stock Prices: Studied in a Multivariate Model

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