The Impact of Banking Sector Reform in a Transition Economy : Evidence from Kyrgyzstan
Journal
Journal of Banking and Finance
ISSN
0378-4266
ISSN-Digital
1872-6372
Type
journal article
Date Issued
2009-09-01
Author(s)
Abstract
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
Language
English
Keywords
Transition
Financial sector reform
Interest rates
Spreads
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam
Volume
33
Number
9
Start page
1677
End page
1687
Pages
11
Subject(s)
Eprints ID
72260