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Impact of Institutions on Lending

Informal Constraints and Enforcement of Bank Regulation in Mongolia

  • Authors
  • Chuluunbaatar¬†Enkhzaya

About this book

Introduction

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.

Keywords

Banking Microeconomics of banking New institutional economics Transition Wirtschaftspsychologie

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8350-9007-1
  • Copyright Information Deutscher Universit√§ts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006
  • Publisher Name DUV
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8350-0024-7
  • Online ISBN 978-3-8350-9007-1
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