http://ir.lib.ruh.ac.lk/handle/iruor/6 2026-04-07T20:42:55Z http://ir.lib.ruh.ac.lk/handle/iruor/14678 Macroeconomic Impact of the Interest rate channel in the Transmission Mechanism of Monetary Policy in Sri Lanka Mallikahewa, S.N.K.; Atapatttu, D. The study examines the efficiency of the traditional interest rate channel in the transmission mechanism 0f monetary policy. The interest rate channel is a major or monetary transmission channel to achieve monetary policy co-objectives Sri Lanka. Monetary policy innovations transmit to macro-economic variables through several channels. The traditional interest rate channel is identified as the way that monetary policy shocks are transmitted to price levels and output through firms’ decisions regarding investment. The study uses quantitative techniques for the analysis and data was collected for the period 1978-2014. The Johansen Co-integration technique and vector error correction tests are employed for the analysis, due to the non-stationarity of all the series used in the study. The study examines three objectives: the less and negative value of interest elasticity of money demand, the more and negative interest elasticity of investment and the positive money supply elasticity of price level. The estimated interest rate elasticity of money demand is 0.038 and it is a less and negative value, as expected. The interest rate elasticity of the estimated investment model also has a negative value of 0.06, but it is not at a sufficient level. The money supply elasticity of price level has taken a positive value of 0.84, and money supply is highly influential on the price level. These estimated coefficients are statistically significant and theoretically consistent. The interest inelasticity of money demand shows that implementing monetary policy is effective in Sri Lanka, and less interest sensitivity of investment proves that declining interest rates are not sufficient reason to achieve higher investment which is expected by the economy. This means that the usefulness of the traditional interest rate channel has not been at a satisfactory level to transform monetary policy shocks to the macro economy. An expansionary monetary policy creates inflationary pressure rather than the effect on output level 2016-12-29T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/14668 Microfinance in Sri Lanka : Outreach, Sustainability and Mission Drift Perera, H.S.C.; De Zoysa, M. Throughout the world, the long-lasting problem with microfinance institutions is how to attain financial sustainability while achieving poverty reduction mission. Several studies have been conducted in various countries focused on outreach, sustainability and mission drift scenarios of microfinance institutions. Some studies illustrated these sustainability factors and their level of significance with outreach is different from one economy to another. However, only a few studies have been conducted in the Sri Lankan context. Also, the empirical evidence of the trade-off between outreach and sustainability of MFIs, and their ability to reach the poor and the poorest segment of the population through outreach remain unclear and dearth in microfinance literature in Sri Lanka. Therefore, this study is a passage to fill this knowledge gap focusing on microfinance institution in Sri Lanka. The prime objective of this research is to examine; can microfinance organizations in Sri Lanka achieve financial sustainability while achieving the outreach to the poor which is the prime mission of those institutions. It was followed by the descriptive and quantitative research approach using panel data regression and correlation as the main data analysis techniques. Estimation was done by specifying the models using linear equations and calculating the coefficient using the computer software program STATA. The secondary and primarily data was collected from 43 microfinance institutions out of the 67 institutions all around Sri Lanka. The researcher selected the sample considering MFIs with five or more years of existence, and that kept validate data on outreach and sustainability activities. Thereby, the researcher increased the heterogeneity in the sample; hence increased external validity concerning the target population. The study determines the relationship between outreach and sustainability using welfare and institutionalist theories. Outreach was analyzed suing six aspects of the framework that was proposed by schreiner [2002]. The sustainability was measured through the financial self-sufficiency. It was found that breadth, cost, length, and worth of outreach have a positive statistically significant relationship with sustainability. Further, the study concluded that age of MFIs and profit margin was positive and statistically strongly significant and have a strong relationship with financial sustainability of MFIs I Sri Lanka. The major factor that negatively affected is operating expenses ratio and it can be concluded that when operating expenses increase it is strongly affected to decrease the financial sustainability of MFIs in Sri Lanka. The specific objective focused on determining the factors affecting the sustainability of MFIs based on twenty variables including ten outreach and ten other firm-level variables. It was found that loan officer productivity, MFIs age, organization type, the yield on the gross loan portfolio, and the profit margin positively and very strongly affect to determine the financial sustainability whereas, interest rate and the number of active borrowers are positively significant at 5%. Further, operating expenses ratio, and capital structure strongly affected to decrease the financial sustainability of MFIs I Sri Lanka. The study concluded that the microfinance institution in Sri Lanka should be aware of their initial mission on poverty alleviation; it was found that these organizations are growing together with the average loan size of their outstanding loan portfolio, implying less depth of outreach and drifting away from their prime mission. further, the study emphasizes that the MHIs need to pay more attention to financial cost management systems by adopting effective cost reduction methodologies on their operations to improve sustainability. The government needs to provide an appropriate enabling environment for these organizations by implementing the microfinance Act and other policies and directions for the betterment of the institutions [supply side] and the clients of these organizations [Demand side] to do their business creatively and attractively. 2019-02-19T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/13984 ශ්‍රී ලංකාවේ බදු ව්‍යුහය සහ එහි නිශ්වායකයන් සුමනරත්න, බී.එම්. ශ්‍රී ලංකාවේ බදු ව්‍යුහය සහ එහි නිශ්චායකයන් නම් වූ මෙම පර්යේෂණ නිබන්ධය ව්ශ්වවිද්‍යාලයේ ආර්ථික විද්‍යා දර්ශනපති උපාධි සඳහා ඉදිරිපත් කරන්නකි. ආර්ථික වර්ෂනය, මිල ස්ථායීකරණය, ආදායම් ප්‍රතිව්‍යාප්තිය වැනි සාර්ව ආර්ථික අරමුණු ඉටු කර ගැනීම් වස් රාජ්‍ය මුග්‍ය ප්‍රතිපත්තිය කාර්යක්ෂම ව භාවිතා කිරීමට රටක රාජ්‍ය බලධාරීන් විසින් උත්සාහ දරණු ලැබේ. මෙම රාජ්‍ය මුල්‍ය ප්‍රතිපත්තතිය තුළ ප්‍රධාන ප්‍රතිපත්තිමය උපකරණයක් බවට බදුකරණය පත් ව ඇත් අතර වර්තමානයේ ශ්‍රී ලංකාව ඇතුලු සංවර්ධනය වන බොහෝ රටවල් විසින් ඉහත සාර්ව ආර්ථික අරමුණු ඉටු කර ගැනීම සඳහා බදුකරණය මත වැඩි බර තැබීමක් කොට ඇති බවත් පෙනී යයි. රටක බදු මට්ටම සහ බදු ව්‍යුහයේ වෙනස් වීම සම්බන්ධයෙන් හේතු දැක්වීමට යාමේ දී මෑත කාලීන ව විවිධ අදහස් පල වී ඇත. විශේෂයෙන් රටකට උච්ත බදු ව්‍යුහය තේරීම, ආර්ථික සහ දේශපාලනික කේෂත්‍රයන් හි සංකීරණ ගැටලුවක් බවට පත් වී ඇත. බොහෝ දුරට සංවර්ධනය වන රටවල බදු ව්‍යුහයන් තුළ සෘජු බදු සහ චක්‍ර බදු අතර සමානුපාතික සම්බන්ධ තීරණය වීමේ දී ආර්ථික නිශ්චායකයන් වඩා වැදගත් වන බව අවධාරණය කිරීමට ගනු ලැබූ උත්සාහයන් කිහිපයක් මෙහි දී වැදලත් කොට සැළකිය හැකිය. 1994-05-01T00:00:00Z http://ir.lib.ruh.ac.lk/handle/iruor/13945 දහනව වැනි හා විසි වැනි සියවස් වල දිගාමඩුල්ලේ සමාජ ආර්ථික හා දේශපාලනික වෙනස්වීම් චන්ද්‍රසිරි, එම්.වී. ශ්‍රී ලංකාවේ ඈත අතීතයේ දිගාමඩුල්ල ප්‍රදේශය නමින් හැදින්වූද 1961 සිට පරිපාලන අවශ්‍යතා සඳහා අම්පාර දිස්ත්‍රික්කය නමින් සංස්ථාපනය කළා වූ ද ප්‍රදේශය තුළ දහනව වැනි සියවසේ බ්‍රිතාන්‍ය යටත් විජිත පාලනය යටතේ පැවැති දේශපාලන, ආර්ථික හා සමාජ ක්‍රමය තදාතන්තරව තෙත් කලාපය තුළ වර්ධනය වූ වතු වගාව හා ආශ්‍රිත ධනවාදී ආර්ථිකයේ බලපෑමට වක්‍ර ආකාරයෙන් ලක් වී ලිය ආකාරයද, 1948 දී නිදහස් ශ්‍රී ලංකාවේ රජය මගින් සැලසුම් කොට ක්‍රියාත්මක කළ ප්‍රථම බහු කාර්ය යෝජනා ක්‍රමය යටතේ යළි සංවර්ධනය වූ ආකාරය හා ඉන් ඇතිවූ ප්‍රතිඵලද අධ්‍යයනය කිරීම මෙම පර්යේෂණයේ අරමුණ වන්නනේය. 1993-01-01T00:00:00Z