Tourism is a key source of income for many small island economies, and so it is important to understand its determinants in such countries. We estimate a tourism demand model for the Maldives' five main source markets and find that, in addition to the usual foreign income and own price...

We consider the effect on the degree of exchange rate pass-through of the exchange rate regime in operation. We test the hypothesis that pass-through will be lower under a float as firms may be reluctant to pass appreciations or depreciations on to their customers when there is a strong chance...