The impact of financial liberalization on the banking industry in Malaysia
Date of Award
Doctor of Philosophy
School of Accounting, Finance and Economics
Faculty of Business and Law
This dissertation makes a contribution towards the creation of a greater understand ing of the process of financial liberalization and the role of government during this process by arguing that financial liberalization and government intervention are not necessarily mutually exclusive processes. By analysing the strong nexus that exists between government and the finance industry in Malaysia under the country's gradualist approach to financial liberalization, the dissertation shows that contrary to popular theory, this type of financial reform can also impact positively on a country's banking industry. This suggests that the notwithstanding financial liberalization, government interventions would still be needed to correct for market failures and that such interventions can take place even where the financial reform programmes are being implemented.
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Njie, M. (2007). The impact of financial liberalization on the banking industry in Malaysia. Retrieved from http://ro.ecu.edu.au/theses/314