2020
DOI: 10.1108/jaee-02-2019-0052
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A historical institutionalist perspective on the persistence of state controls during financial sector reforms: the insightful case of Myanmar

Abstract: PurposeMany transition economies are former socialist planned economies and have undergone market reforms of their financial sector to signal their transition towards democracy. However, governments in these countries have been reluctant to relinquish the pre-existing controls on economy and have adopted nuanced and sophisticated approaches to retain control. In such context, scholars may find it challenging to investigate the role played by the state in the success or failure of attempted market reforms. This… Show more

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Cited by 1 publication
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“…In Myanmar, the Central Bank of Myanmar (CBM) directly administers financial institutions and controls the monetary policies of the state (Win & Kofinas, 2020). However, the country's strict economic policy could not prevent the banking crisis that occurred in 2003, which was triggered by informal financial businesses (Turnell, 2003).…”
Section: Introductionmentioning
confidence: 99%
“…In Myanmar, the Central Bank of Myanmar (CBM) directly administers financial institutions and controls the monetary policies of the state (Win & Kofinas, 2020). However, the country's strict economic policy could not prevent the banking crisis that occurred in 2003, which was triggered by informal financial businesses (Turnell, 2003).…”
Section: Introductionmentioning
confidence: 99%