The evolving role of monetary policy in the Malaysian banking system
The evolving role of monetary policy in the Malaysian banking system
In recent years, the Malaysian economy has enjoyed rapid economic growth. An important factor in enabling such growth has been the mobilisation of savings for the financing of investment: this in turn depends upon the existence of an appropriate banking system and a monetary policy which favours development. This paper explores the way in which the commercial banking system in Malaysia has evolved, and the way in which monetary policy has adapted to changing circumstances. An extra dimension has been added to the Malaysian system through the establishment of the Bank Islam Malaysia Berhad, which operates in accordance with Islamic principles.
405-421
Ismail, A.G.
9f0de874-d4c4-4a4f-8e6a-f59d1b10aa44
Smith, P.
7085f0ad-c538-4208-80f4-e9b3fd36b365
1993
Ismail, A.G.
9f0de874-d4c4-4a4f-8e6a-f59d1b10aa44
Smith, P.
7085f0ad-c538-4208-80f4-e9b3fd36b365
Ismail, A.G. and Smith, P.
(1993)
The evolving role of monetary policy in the Malaysian banking system.
Savings and Development, 4 (4), .
Abstract
In recent years, the Malaysian economy has enjoyed rapid economic growth. An important factor in enabling such growth has been the mobilisation of savings for the financing of investment: this in turn depends upon the existence of an appropriate banking system and a monetary policy which favours development. This paper explores the way in which the commercial banking system in Malaysia has evolved, and the way in which monetary policy has adapted to changing circumstances. An extra dimension has been added to the Malaysian system through the establishment of the Bank Islam Malaysia Berhad, which operates in accordance with Islamic principles.
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Published date: 1993
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Local EPrints ID: 33029
URI: http://eprints.soton.ac.uk/id/eprint/33029
ISSN: 0393-4551
PURE UUID: eb77a7f9-af7f-4e57-9c87-eadfebfb9188
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Date deposited: 09 Jan 2008
Last modified: 15 Mar 2024 07:41
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Author:
A.G. Ismail
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