The surprisingly slow process of economic transformation is a well-known but not well-understood phenomenon in economies in transition (EIT). Neither mac- economic arguing nor neoclassic micro approaches turned out to provide helpful tools in explaining the barriers to transform markets and institutions. Chuluunbaatar Enkhzaya addresses the issue of economic transformation, exemplarily by looking at the Mongolian loan market. Her methodological innovation is not only to employ the New Institutional Economy but also to operationalise the degree of institutional change. This is done by using concept mapping, besides the more standard way of interviewing. It allows to identify "action regulating knowledge" governing the decision behavior of credit officers and leading to an indirect observation of informal rules like attitude to risk, perception of supervision, social and ethic commitments. Enkhzaya adds to our understanding why the enforcement of banking regulation norms has not led to an efficient allocation of resources in EIT banking systems. Besides she gives an impressive description of the actual state of the Mongolian economy.
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Dr. Chuluunbaatar Enkhzaya promovierte bei Prof. Dr. Alexander Karmann am Lehrstuhl für Geld, Kredit und Währung der Fakultät Wirtschaftswissenschaften der Technischen Universität Dresden. Sie ist als freiberufliche Beraterin für Regierungen und Unternehmen tätig.
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Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In the 1990s an unprecedented transformation of the economic co-ordination of economies in transition was set in motion. As the reforms neither considered the time needed to establish the market nor dealt with the process itself, microeconomic reforms aimed at establishing the market and at inducing market-oriented behaviour need to be adjusted. Chuluunbaatar Enkhzaya examines the 'inadequate' behaviour of banks in Mongolia by analysing the institutional framework of the banking system, especially in lending. She focuses on the genesis of informal institutions of lending and their interaction with formal institutions of lending. Herewith, informal institutions such as the attitude to risk were indirectly observed by diagnosing the 'action-regulating' knowledge of bankers. In order to ensure an effective allocation of the scarce financial resources of Mongolia the author therefore suggests a change - as simultaneous as possible - of formal and informal rules. 224 pp. Englisch. N° de réf. du vendeur 9783835000247
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