The Economic and Banking Situation in Mongolia


After having theoretically exemplified the impact of institutions on lending in Part 1, Part 2 intends to apply that theoretical framework to lending process in Mongolia. It first analyses the overall situation in Mongolia in chapter 2.1, thereby questioning the historical and political past of today’s economy and searching for microeconomic/institutional foundations of the macroeconomic accomplishments. Chapter 2.2 then describes the performance of arisen financial organisations in general’ financial intermediation, and of banks in particular’ microeconomic behaviour of banks’ and examines the loan allocation. Chapter 2.3 enquiries about whether the existing or missing institutions of lending do account for the described behaviour of banks, and thereby analyses the formal institutions’ bank regulation norms’ and makes hypotheses on informal institutions.


Monetary Policy Central Bank Banking System Credit Risk Formal Institution 
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© Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006

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