Impact of Institutions on Lending : Informal Constraints and Enforcement of Bank Regulation in Mongolia /
By: Enkhzaya, Chuluunbaatar [author.].
Contributor(s): SpringerLink (Online service).
Material type:
BookPublisher: Wiesbaden : DUV, 2006.Description: XXIII, 196 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783835090071.Subject(s): Finance | Finance | Finance, generalDDC classification: 332 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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E books
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PK Kelkar Library, IIT Kanpur | Available | EBK5791 |
The Impact of Institutions on Lending -- The Economic and Banking Situation in Mongolia -- Discrepancy between Bank Regulation Norms and Lending Practice in Mongolia -- Institutions Building and Adjustment of Bank Regulation Norms in Mongolia.
In the 1990s an unprecedented transformation of the economic co-ordination of economies in transition was set in motion. As the reforms neither considered the time needed to establish the market nor dealt with the process itself, microeconomic reforms aimed at establishing the market and at inducing market-oriented behaviour need to be adjusted. Chuluunbaatar Enkhzaya examines the "inadequate" behaviour of banks in Mongolia by analysing the institutional framework of the banking system, especially in lending. She focuses on the genesis of informal institutions of lending and their interaction with formal institutions of lending. Herewith, informal institutions such as the attitude to risk were indirectly observed by diagnosing the "action-regulating" knowledge of bankers. In order to ensure an effective allocation of the scarce financial resources of Mongolia the author therefore suggests a change - as simultaneous as possible - of formal and informal rules.
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