This is the first study to systematically assess the significance of the standard money multiplier vis-à-vis the bank credit transmission channel in the case of Pacific Island Economies, focusing on Papua New Guinea. The vector autoregressive model comprising six variables - interest rate,...

Driven by higher profit incentives, banks' marketing strategies have tended increasingly to exclude sections of the retail market on socio-economic lines. Ironically, these strategies are now seen to have profitability and social responsibility implications. Little previous attempt has been made...

Although the many perceived benefits of a stock market may have led to their rapid formation and development aspirations across economies, emerging findings that stock markets may not be as useful as previously thought, even a detraction in the case of some developing economies, raises the...

The widespread failures in the financial sector during the Global Financial Crisis prompted many governments worldwide to re-intervene in a market that had become increasingly state-free over the years. The re-intervention, however, has re-ignited a global debate on the role of the state in...

In view of the prominent law-finance-economic growth theory and the continuing debate over it, this paper examines the applicability of the law–stock market development nexus in Fiji, an island economy in the South Pacific region, where economic growth performance has generally been considered...

This paper examines the applicability of the prominent law - finance theory to banking development in Fiji, a representative island economy in the South Pacific region. Secondary and primary data are used to assess legal institutions and the level of development in the banking sector in Fiji...