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dc.contributor.authorSharma, Parmendra
dc.contributor.authorNguyen, Duc-Tho
dc.contributor.editorDavid Lim
dc.date.accessioned2017-05-03T11:40:21Z
dc.date.available2017-05-03T11:40:21Z
dc.date.issued2010
dc.date.modified2011-10-06T04:59:07Z
dc.identifier.issn1354-7860
dc.identifier.doi10.1080/13547861003700422
dc.identifier.urihttp://hdl.handle.net/10072/32182
dc.description.abstractThis 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 (and, where possible, in other South Pacific island economies) in comparison with up to 53 other countries, both developed and developing. The paper also re-examines the question of a possible Law-Banking Development connection internationally, in light of newly available data and a newly proposed composite index of banking development. The results are consistent with previous findings of a direct relationship between law enforcement quality and banking development, but they also suggest that the legal rules codifying creditor rights may not be as influential as had been thought previously. The latter result accords with the experience of Fiji, where very weak legal rules combined with average law enforcement quality (and high accounting standards) yield a reasonable performance in terms of banking development over the 1970-2006 period. The paper also points out some possible policy implications of these results.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent269938 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom192
dc.relation.ispartofpageto216
dc.relation.ispartofissue2
dc.relation.ispartofjournalJournal of the Asia Pacific Economy
dc.relation.ispartofvolume15
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchFinancial economics
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchPolicy and administration
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode380107
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode4407
dc.titleLaw and Banking Development in a South Pacific Island Economy: The Case of Fiji, 1970-2006
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2010 Routledge. This is an electronic version of an article published in Journal of the Asia Pacific Economy Volume 15, Issue 2, 2010, 192-216. Journal of the Asia Pacific Economy is available online at: http://www.informaworld.com with the open URL of your article.
gro.date.issued2010
gro.hasfulltextFull Text
gro.griffith.authorSharma, Parmendra P.


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