In this regard, I congratulate ANZ for their long term commitment to Fiji and to the economy of Fiji. ANZ Bank in Fiji Let me say a few words on ANZ’s history in Fiji. ANZ’s association with Fiji goes back to the 1800’s when the Union Bank of Australia, an ancestor of ANZ, began operations in Levuka in 1880.
More generally, however, spillovers seem to be asymmetric, with significant impact of the FED abroad, but not the other way round. For Japan and the UK, the smaller size of these operations may be one explanatory factor.8 At the very least, therefore, unconventional policies had marked effects on exchange rates.