A body of evidence accumulated over the past several years, via different methods and estimation techniques, using firm –and household-level data, across many regions and countries show that finance matters for growth. Yet the role of finance in fostering growth in the Pacific, ironically, a...

Does finance really lead to economic growth? A growing strand of literature finds positive and strong link between finance and growth. On the other hand, research has also questioned the robustness of the finance – growth nexus. Generally, however, there is some consensus that finance –...

This paper examines the changes in bank credit to private sector across six economies in the South Pacific. An extensive time-series and cross-country panel data allow us to draw new and broader lessons compared to existing research, which have tended to focus mostly on single countries with...