But by then it’s too late to do much about it. We will also need to monitor the cross-sectional correlations of firms’ risk exposures. 6 In addition, we need information on counterparty exposures through derivatives and other financial instruments.
Fiji will not be immune from this global recession. Our economy was already under some stress. While Siwa may not have faced the same situation as the Governor of the Reserve Bank, I have often wondered what Siwa would advise us to get us through these unprecedented difficult times.