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Financial Development and Economic Growth in Malaysia

James B. Ang
€204.60
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A01=James B. Ang
ARDL
ARDL Model
Author_James B. Ang
autoregressive
Autoregressive Conditional Heteroskedasticity
Category=GTM
Category=KCG
Category=KCM
Category=KF
Category=KJK
Cointegrating Vectors
Cointegration Tests
conditional
Conditional ECM
credit
Crosscountry Studies
directed
Directed Credit Programmes
dynamic
ECM
economic liberalisation Asia
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Financial Deepening
financial intermediation growth Malaysia
financial repression effects
financial sector reforms
Granger Causality
heteroskedasticity
Interest Rate Liberalization
investment behaviour Malaysia
Macroeconomic Uncertainty
Malaysian Economy
model
monetary policy analysis
Private Saving
private savings determinants
programs
Real Deposit Rates
Real Gdp
Real Interest Rates
run
short
Short Run Dynamic Model
Statutory Reserve Ratio
Tax Depreciation Allowances
Unit Root
Unit Root Tests
User Cost
White's Test Statistic
White’s Test Statistic

Product details

  • ISBN 9780415467261
  • Weight: 570g
  • Dimensions: 156 x 234mm
  • Publication Date: 21 Nov 2008
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Description

This book is concerned with the role of financial intermediation in economic development and growth in the context of Malaysia. Using an analytical framework, the author investigates the Malaysian economy from 1960 onwards to examine how far financial development has progressed in the course of economic development, and whether it has been instrumental in promoting economic growth.

A significant improvement in the Malaysian financial system, coupled with rapid economic growth and a rich history of financial sector reforms, makes Malaysia an interesting case study for this subject. The author shows that some government interventions seem to have impacted negatively on economic growth, whereas repressionist financial policies such as interest rate controls, high reserve requirements and directed credit programmes seem to have contributed positively to financial development. The analysis concludes that financial development leads to higher output growth via promoting private saving and private investment.

Shedding light on the evolutionary role of financial system and the interacting mechanisms between financial development and economic growth, this book will be of interest to those interested in economic and financial development, financial liberalization, saving behaviour and investment analysis and Asian Studies.
About James B. Ang
James B. Ang is Lecturer in the Department of Economics, Monash University, Australia. His research interests are Finance and Development, Financial Liberalization, Macroeconomics and the Southeast Asian Economies.

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