4.0  Legislation  There is no separate legislation for the microfinance industry and only two deposit taking microfinance institutions are licensed by the Bank of Papua New Guinea under the Banks and Financial Institutions Act 2000 in the same fashion as commercial banks and financial companies.
They find that policymakers cannot improve the outcomes by responding directly to suspected deviations of equity prices from fundamentals, but that a policy focused on achieving price stability and damping fluctuations around full employment will mitigate the adverse consequences of equity market bubbles.