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 (and,...

In this paper, we investigate trends in the disparities in output and income across the states of Malaysia during the past four decades, using several different methods - including the log-t test proposed by Phillips and Sul (2007, 2009) - and data for a range of variables. The results indicate...

A number of studies have found that more flexible exchange rate regimes tend to be associated with greater inflation persistence. This paper investigates whether this finding is applicable to Vietnam from 1992 to 2010. We find no evidence to suggest that inflation persistence in Vietnam was...