Since 2014
Financial Liberalization- ‘A Macroeconomic Impact Analysis’: A Study Based on Sri Lankan Experience
Social and Basic Sciences Research Review
View Archive Info| Field | Value | |
| Title |
Financial Liberalization- ‘A Macroeconomic Impact Analysis’: A Study Based on Sri Lankan Experience
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| Creator |
Patabendige, S. S. J.
Senarath, S. A. C. L. |
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| Subject |
External policy, fiscal policy, financial liberalization, macroeconomic problems, McKinnon-Shaw hypothesis, monetary policy,
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| Description |
Though three decades have passed introducing financial reforms in Sri Lanka it has failed to achieve its desired objectives up till now. The main caused for this might be the policy inconsistencies been followed after 1977 and yet it has not been empirically tested. Therefore the main objective of this study is to substantiate whether the macroeconomic policies (Fiscal Policy, Monetary Policy and External Policy) followed during this period has supported or not to achieve its desired outcomes. The study has developed three hypotheses based on three policy variables and have tested its correlation for nine dependent variables using canonical correlation. The negative correlation between policy variables and the dependent variables led to the conclusion that macroeconomic factors have distorted the desired financial liberalization outcomes in Sri Lanka.
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| Publisher |
Academy of Business & Scientific Research (ABSR)
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| Date |
2016-08-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://absronline.org/journals/index.php/sbsrr/article/view/633
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| Source |
Social and Basic Sciences Research Review; Vol 4 No 8 (2016): August; 151-165
2313-6758 |
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| Language |
eng
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| Relation |
http://absronline.org/journals/index.php/sbsrr/article/view/633/652
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| Rights |
Copyright (c) 2016 Social and Basic Sciences Research Review
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