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  1. Yangon University of Economics
  2. Yangon University of Economics Research Journal and Universities Research Journal

Financial deepening and economic growth in Mynanmar (Su Su Myat, 2018)

http://hdl.handle.net/20.500.12678/0000006917
http://hdl.handle.net/20.500.12678/0000006917
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538f13aa-1fcf-4147-b8c0-ee6c20e43696
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Dr. Dr. Su Su Myat.pdf (1.2 MB)
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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 .
Keywords
Financial Liberalization, Financial Deepening, Economic Growth
Journal articles
Yangon University of Economics Research Journal
1-16
vol.5, no.2, 2018
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