We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

Financial Reforms in Myanmar and Japan's Engagement

Financial Reforms in Myanmar and Japan's Engagement
Date:
7 November 2016
Authors:
Tomoo Kikuchi, Takehiro Masumoto
Tags:
Macroeconomy, Regulation and Governance

Print Article:

Since 2011, under the Thein Sein government, Myanmar has started to build financial institutions almost from scratch. Japan has played a leading role in this transition, writing off debt, opening the Yangon Stock Exchange, vying for the entry of Japanese banks, and laying out finance-related laws. As in other Southeast Asian countries, Myanmar's oligopolistic economic structure and colonial past present considerable challenges. There is a rich literature on the relationship between well-functioning financial institutions and economic growth, but the causality of this relationship remains inconclusive. This paper examines the preconditions for financial institutions to be a vehicle for Myanmar's development.

ERIA-DP-2016-27

Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Latest Articles

Energy, Economic impact, Fossil Power Plants, Early Retirement, ASEAN
4 March 2024
Editor(s)/Author(s): Ichiro Kutani, Yoichi Namba, Han Phoumin
Addressing climate change necessitates a prompt reduction in fossil[...]
Online Public Service, Asia, Digital Economy
4 March 2024
Editor(s)/Author(s): Fukunari Kimura, Lurong Chen
(still under ISBN process and under review Chief Economist) The implications of digital[...]