Banks’ lending behaviour under repressed financial regulatory environment: in the context of Myanmar

4.00
Hdl Handle:
http://hdl.handle.net/10547/622091
Title:
Banks’ lending behaviour under repressed financial regulatory environment: in the context of Myanmar
Authors:
Win, Sandar
Abstract:
In an ideal world, banking operations should ensure that there is a match between business strategy and loan assessment behaviour (Berger and Udell, 2004). However, in reality, banks are confined within a highly institutionalised environment which shapes their lending behaviour. Banks operate between two spectra in terms of regulatory environment, with policies based either on financial repression or liberalisation. Repressive policies are more common in the banking sector than capital markets. According to McKinnon (1973), financial repression is defined by various policies whereby the state influences credit allocation in channelling financial resources to priority areas identified by the government and micromanaging banks’ lending behaviour through interest-rate caps, collateral requirements and capital controls. Financial liberalisation, on the other hand, is regarded as an efficient means of fostering competition and inviting growth impulses from abroad (Bartolini and Drazen, 1997). After a series of decisions supporting financial liberalisation which took place from the 1970s to the 1990s, this type of policy has been intensively studied by scholars. However, there is still no consensus on whether it has positive or negative impacts.
Citation:
Win S (2017) 'Banks’ lending behaviour under repressed financial regulatory environment: in the context of Myanmar', Pacific accounting review.
Publisher:
Emerald
Journal:
Pacific accounting review
Issue Date:
4-May-2017
URI:
http://hdl.handle.net/10547/622091
Type:
Article
Language:
en
ISSN:
0114-0582
EISSN:
0114-0582
Appears in Collections:
Accounting and finance

Full metadata record

DC FieldValue Language
dc.contributor.authorWin, Sandaren
dc.date.accessioned2017-05-04T09:40:05Z-
dc.date.available2017-05-04T09:40:05Z-
dc.date.issued2017-05-04-
dc.identifier.citationWin S (2017) 'Banks’ lending behaviour under repressed financial regulatory environment: in the context of Myanmar', Pacific accounting review.en
dc.identifier.issn0114-0582-
dc.identifier.urihttp://hdl.handle.net/10547/622091-
dc.description.abstractIn an ideal world, banking operations should ensure that there is a match between business strategy and loan assessment behaviour (Berger and Udell, 2004). However, in reality, banks are confined within a highly institutionalised environment which shapes their lending behaviour. Banks operate between two spectra in terms of regulatory environment, with policies based either on financial repression or liberalisation. Repressive policies are more common in the banking sector than capital markets. According to McKinnon (1973), financial repression is defined by various policies whereby the state influences credit allocation in channelling financial resources to priority areas identified by the government and micromanaging banks’ lending behaviour through interest-rate caps, collateral requirements and capital controls. Financial liberalisation, on the other hand, is regarded as an efficient means of fostering competition and inviting growth impulses from abroad (Bartolini and Drazen, 1997). After a series of decisions supporting financial liberalisation which took place from the 1970s to the 1990s, this type of policy has been intensively studied by scholars. However, there is still no consensus on whether it has positive or negative impacts.en
dc.language.isoenen
dc.publisherEmeralden
dc.rightsGreen - can archive pre-print and post-print or publisher's version/PDF-
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectbankingen
dc.subjectMyanmaren
dc.subjectlendingen
dc.subjectfinancial regulationen
dc.subjectN300 Financeen
dc.titleBanks’ lending behaviour under repressed financial regulatory environment: in the context of Myanmaren
dc.typeArticleen
dc.identifier.eissn0114-0582-
dc.identifier.journalPacific accounting reviewen
dc.date.updated2017-05-04T09:37:06Z-
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