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Financial deepening and economic growth in Mynanmar (Su Su Myat, 2018)
http://hdl.handle.net/20.500.12678/0000006917
http://hdl.handle.net/20.500.12678/0000006917307036cd-db6b-45e5-8cae-1fb64ba9efef
538f13aa-1fcf-4147-b8c0-ee6c20e43696
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Journal article | ||||||
Upload type | ||||||
Publication | ||||||
Title | ||||||
Title | Financial deepening and economic growth in Mynanmar (Su Su Myat, 2018) | |||||
Language | en | |||||
Publication date | 2018-03-01 | |||||
Authors | ||||||
Su Su Myat | ||||||
Description | ||||||
Financial reform plays an important role in liberalization of financial system and development of financial sector. There has an ample literature on finance-growth nexus and empirical evidence for impact of financial development on economic growth. Myanmar has been under the ongoing process of financial reform since its inception in 1990. Under the reform process, financial liberalization has led to financial sector development to some extent. The study explores financial deepening which reflects the financial development. Financial development is indispensable for the effectiveness of monetary policy and financial stability. This study tries to find out the impact of financial liberalization on economic growth. Empirical analysis is done by using Vector Autoregressive method based on time series data. It is found that financial deepening could support to economic growth to some extent since growth of narrow money supply and growth of broad money supply have strong link with economic growth in one-year time lag, and bank credit to private sector have strong relationship with economic growth in two-year time lag . |
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Keywords | ||||||
Financial Liberalization, Financial Deepening, Economic Growth | ||||||
Journal articles | ||||||
Yangon University of Economics Research Journal | ||||||
1-16 | ||||||
vol.5, no.2, 2018 |