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Middle East and Central Asia > Uzbekistan, Republic of

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Financial services law & regulation x
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Cover IMF Working Papers
Determinants of Bank Interest Margins in the Caucasus and Central Asia
Raja Almarzoqi
and
Samy Ben Naceur
In this paper, we use a bank-level panel dataset to investigate the determinants of bank interest margins in the Caucasus and Central Asia (CCA) over the period 1998–2013. We apply the dealership model of Ho and Saunders (1981) and its extensions to assess the extent to which high spreads of banks in the CCA can be related to bank-specific variables, to competition, and to macroeconomic factors. We find that interest spreads are affected by operating cost, credit risk, liquidity risk, bank size, bank diversification, banking sector competition, and macroeconomic policies; but the impact depends on the country.
Keywords:
WP; interest margin; interest; bank
Cover IMF Working Papers
Financial Development in the CIS-7 Countries: Bridging the Great Divide
Mr. Gianni De Nicolo
,
Mr. Sami Geadah
, and
Mr. Dmitriy L Rozhkov
This paper documents the great divide in the level of financial development between the Commonwealth of Independent States (CIS) 7 countries and the more advanced economies in transition, in particular those of Central and Eastern Europe and Baltic states. It discusses the roots of financial underdevelopment in the CIS-7 countries by examining the differentials in interest rate spreads between the CIS-7 countries and the transition economies that have achieved faster financial development. The roots of the divide are traced to weaknesses in the institutional infrastructure for financial intermediation, which lead to a combination of low depositor trust in the banking system and high credit risk. High credit risk stems mainly from the poor creditor-rights protection and weak auditing and accounting standards. Financial sector reform strategies that fail to give priority to the resolution of weaknesses in the basic financial infrastructure are unlikely to be successful in letting the CIS-7 countries bridge the great divide.
Keywords:
WP; bank; cost; lending; CEE+B; rate; Financial development; transition economies; transition economy; lending rate; ownership structure; bank size; nonviable bank; intermediation activity; bank concentration; CIS country; Financial sector development; Commercial banks; Credit risk; Credit; Deposit rates; Central and Eastern Europe
Cover Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union
Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union
Mr. Malcolm D. Knight

Abstract

Since 1991, the 15 countries under review - have to varying degrees, been pursuing reforms whose broad objectives have been to achieve market-based determination of interest rates and exchange rates, manage banking system liquidity through market operations with indirect instruments, and provide the institutional underpinnings for the design and implementation of macroeconomic stabilization and structural reform programs supported by the IMF. This study reviews the experience under these programs and the economic developments in the countries that undertook them.

Keywords:
OP; central bank; country; accounting reform; bank; internal audit reform issue; reform issue; country ranking; bank governance; restructuring policy; Commercial banks; Treasury bills and bonds; Credit; Currencies; Baltics; Payment systems; Currency markets; Bank supervision; Bank resolution