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dc.contributor.authorSharma, Parmendraen_US
dc.contributor.authorNguyen, Tomen_US
dc.contributor.editorDavid Limen_US
dc.date.accessioned2017-04-24T08:35:07Z
dc.date.available2017-04-24T08:35:07Z
dc.date.issued2010en_US
dc.date.modified2011-10-06T04:59:07Z
dc.identifier.issn13547860en_US
dc.identifier.doi10.1080/13547861003700422en_AU
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.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent269938 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherRoutledgeen_US
dc.publisher.placeUnited Kingdomen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom192en_US
dc.relation.ispartofpageto216en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalJournal of the Asia Pacific Economyen_US
dc.relation.ispartofvolume15en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchFinancial Economicsen_US
dc.subject.fieldofresearchEconomic Development and Growthen_US
dc.subject.fieldofresearchcode140207en_US
dc.subject.fieldofresearchcode140202en_US
dc.titleLaw and Banking Development in a South Pacific Island Economy: The Case of Fiji, 1970-2006en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyrightCopyright 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.en_AU
gro.date.issued2010
gro.hasfulltextFull Text


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