Financial Structure and Relative Importance of Financial Institutions - A Malaysian Case

Ismail Ibrahim

Abstract


This study investigates the relative importance of financial institutions in the process of financial and economic development in Malaysia between 1960 - 1974. The analysis begins with the determination of the size and character of financial superstructure and the relative importance of various types offinancial instruments, compared with the real infrastructure of national product. Using Goldsmith's FIR (Financial III terrelation Ratio) model it was found that Malaysia had experienced a period of positive changes in the growth of financial development.

Abstrak

Kajian ini cuba melihat peranan institusi kewangan dalam proses pernbangunan kewangan dan ekonorni di Malaysia antara tahun-tahun 1960 - 1974. Analisa dibuat melalui penentuan saiz dan ciri-ciri superstruktur kewangan dan juga kepentingan relatif beberapa jenis instrumen kewangan berbanding dengan infrastruktur benar keluaran negara. Dengan menggunakan model FIR (Financial Interrelation Ratio) yang dimajukan oleh Raymond W. Goldsmith, didapati bahawa Malaysia mengalami satu masa yang baik dari segi perkemhangan dan pembangunan kewangannya.


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