The Central Bank of Solomon Islands (CBSI) was established in 1983 with the objective of maintaining price and exchange rate stability. In the 1980s and 1990s, CBSI was forced to finance the government borrowing requirements as well. Ethnic violence in 1999 and subsequent efforts for restoration...

This paper investigates the nexus between economic growth and oil price in Pacific island countries (PICs). Except Papua New Guinea, none of the PICs has fossil fuel resources. Consequently, the 13 PICs are totally dependent on oil imports for their economic activities. Since PICs have limited...