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Financial Liberalization Index for Sri Lanka

Show simple item record Adikari, A.M.P. 2016-01-06T10:10:09Z 2016-01-06T10:10:09Z 2015
dc.identifier.citation Adikari, A.M.P. 2015. Financial Liberalization Index for Sri Lanka. Journal of Social Sciences – Sri Lanka, Faculty of Social Sciences, University of Kelaniya, Sri Lanka. 07 (03): pp 177-184. en_US
dc.description.abstract Financial liberalization is a process of liberalizing the financial system of an economy by reducing controls in interest rates, financial intermediaries, and markets. Since the mid-1980s, the World Bank and the International Monetary Fund (IMF) started financial liberalization as a basic frame work for developing member countries to accelerate economic growth. Sri Lanka has been involved this process since 1977.This study attempts to establish an index to evaluate the complex process of financial liberalization in Sri Lanka by focusing on important changes in the financial sector. The study has used major policy components of financial liberalization to construct financial liberalization index at a particular time. In order to derive the index, an arbitrary value is assigned to each of the policy variables. Each policy variable can take a value between 0 and1.The value is depending on the implementation phases of the policy. Time series annual data from1977 to 2011 are used to construct the index. The principle Component Method is used as an analysis method. This index is helpful to evaluate the impact of financial liberalization policies on various aspect of the economy. The constructed index shows that financial liberalization has gradually increased from 1997to 2011, though the policies are implemented since 1977 in Sri Lanka. en_US
dc.language.iso en en_US
dc.publisher Faculty of Social Sciences, University of Kelaniya, Sri Lanka en_US
dc.subject Financial liberalization en_US
dc.subject Liberalization index en_US
dc.subject Principle component method en_US
dc.subject Economic growth en_US
dc.title Financial Liberalization Index for Sri Lanka en_US
dc.type Article en_US

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