UUM Repository | Universiti Utara Malaysian Institutional Repository
FAQs | Feedback | Search Tips | Sitemap

Monetary policy, development of financial market and banking lending: An analysis of the bank-lending channel in Malaysia


Ghazali, Noor A. and A. Rahman, Aisyah (2001) Monetary policy, development of financial market and banking lending: An analysis of the bank-lending channel in Malaysia. Malaysian Management Journal, 5 (1&2). pp. 119-137. ISSN 0128-6226

[img]
Preview
PDF
Download (7MB) | Preview
Official URL: http://mmj.uum.edu.my

Abstract

Recent of interest in understanding the transmission mechanism of monetary policy focuses on two main channels of explaination, i.e. the money and credit channel. This paper investigates a version of the credit channel, i.e. the bank-lending channel for the Malaysian economy. The bank-lending channel assigns a critical role for the supply of bank loans in transmitting the effect of monetary policy on real economic activities. The study analyzes the effect of monetary policy on ability and willingness of Malaysian banks to issue loan with respect to the development in the open financial market. Specifically it argues on the changes of the pattern of influences as progress in the open financial market takes place.

Item Type: Article
Uncontrolled Keywords: monetary policy, credit, loan, banks
Subjects: H Social Sciences > HG Finance
Divisions: UNSPECIFIED
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 10 Aug 2010 01:37
Last Modified: 25 Jun 2015 07:35
URI: http://repo.uum.edu.my/id/eprint/491

Actions (login required)

View Item View Item