The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan

Brown, Martin; Maurer, Maria Rueda; Pak, Tamara; Tynaev, Nurlanbek

The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan

We examine the impact of financial sector reform on interest rate levels and spreads using Kyrgyz bank-level data from 1998 to 2005. We find that, in addition to macroeconomic stabilization, structural reforms to the banking sector significantly contributed to lower interest rates. In particular, our results suggest that foreign bank entry and regulatory efforts to increase average bank size were important in reducing deposit rates. In contrast, we find little evidence that banking sector reform or macroeconomic stabilization has impacted interest rate spreads.

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Bibliographic Details
Main Authors:	Brown, Martin, Maurer, Maria Rueda, Pak, Tamara, Tynaev, Nurlanbek
Format:	Journal Article biblioteca
Language:	EN
Published:	2009
Subjects:	Interest Rates: Determination, Term Structure, and Effects E430, Banks, Other Depository Institutions, Micro Finance Institutions, Mortgages G210, Financial Institutions and Services: Government Policy and Regulation G280, Economic Development: Financial Markets, Saving and Capital Investment, Corporate Finance and Governance O160, Socialist Systems and Transitional Economies: National Income, Product, and Expenditure, Money, Inflation P240, Socialist Institutions and Their Transitions: Financial Economics P340,
Online Access:	http://hdl.handle.net/10986/5462
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spelling	dig-okr-1098654622021-04-23T14:02:22Z The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan Brown, Martin Maurer, Maria Rueda Pak, Tamara Tynaev, Nurlanbek Interest Rates: Determination, Term Structure, and Effects E430 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financial Institutions and Services: Government Policy and Regulation G280 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: Financial Economics P340 We examine the impact of financial sector reform on interest rate levels and spreads using Kyrgyz bank-level data from 1998 to 2005. We find that, in addition to macroeconomic stabilization, structural reforms to the banking sector significantly contributed to lower interest rates. In particular, our results suggest that foreign bank entry and regulatory efforts to increase average bank size were important in reducing deposit rates. In contrast, we find little evidence that banking sector reform or macroeconomic stabilization has impacted interest rate spreads. 2012-03-30T07:32:57Z 2012-03-30T07:32:57Z 2009 Journal Article Journal of Banking and Finance 03784266 http://hdl.handle.net/10986/5462 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Kyrgyzstan
institution	Banco Mundial
collection	DSpace
country	Estados Unidos
countrycode	US
component	Bibliográfico
access	En linea
databasecode	dig-okr
tag	biblioteca
region	America del Norte
libraryname	Biblioteca del Banco Mundial
language	EN
topic	Interest Rates: Determination, Term Structure, and Effects E430 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financial Institutions and Services: Government Policy and Regulation G280 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: Financial Economics P340 Interest Rates: Determination, Term Structure, and Effects E430 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financial Institutions and Services: Government Policy and Regulation G280 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: Financial Economics P340
spellingShingle	Interest Rates: Determination, Term Structure, and Effects E430 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financial Institutions and Services: Government Policy and Regulation G280 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: Financial Economics P340 Interest Rates: Determination, Term Structure, and Effects E430 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financial Institutions and Services: Government Policy and Regulation G280 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: Financial Economics P340 Brown, Martin Maurer, Maria Rueda Pak, Tamara Tynaev, Nurlanbek The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
description	We examine the impact of financial sector reform on interest rate levels and spreads using Kyrgyz bank-level data from 1998 to 2005. We find that, in addition to macroeconomic stabilization, structural reforms to the banking sector significantly contributed to lower interest rates. In particular, our results suggest that foreign bank entry and regulatory efforts to increase average bank size were important in reducing deposit rates. In contrast, we find little evidence that banking sector reform or macroeconomic stabilization has impacted interest rate spreads.
format	Journal Article
topic_facet	Interest Rates: Determination, Term Structure, and Effects E430 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Financial Institutions and Services: Government Policy and Regulation G280 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: Financial Economics P340
author	Brown, Martin Maurer, Maria Rueda Pak, Tamara Tynaev, Nurlanbek
author_facet	Brown, Martin Maurer, Maria Rueda Pak, Tamara Tynaev, Nurlanbek
author_sort	Brown, Martin
title	The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
title_short	The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
title_full	The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
title_fullStr	The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
title_full_unstemmed	The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
title_sort	impact of banking sector reform in a transition economy : evidence from kyrgyzstan
publishDate	2009
url	http://hdl.handle.net/10986/5462
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The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan

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