In response to an unprecedented health crisis, not only have central banks in advanced economies re-employed unconventional monetary policies (UCMPs) that had been used extensively since the global financial crisis, but these unconventional policies can also be found in emerging market and small open economies.
Banking innovation Banks over the years in Fiji have been involved in financial innovation. We remember the use of old pass books. Banks have been aggressive in introducing new financial products and services. We now have the ATMs, EFTPOS and internet banking.