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Banking Sector Transition in Mongolia Since 1990

Author

Listed:
  • Masaru Honma

    (European Bank for Reconstruction and Development (EBRD))

Abstract

Mongolia has been recognized as one of the major destinations of world mining industries. The country with 3 million of population has US$1 to US$3 trillion worth of copper, gold, coal, oil, and other resources, close to growing markets in China and elsewhere in Asia. Contrary to the rich mining sector, the rest of the economy is still relatively unknown. Thus, this article deals with one of the key components of the rest of the Mongolian economy—banking sector. The Mongolian banking sector is a mirror of its economy: it represents country's economic transition, authorities' approach to economic reforms, as well as relationship with its neighbors, Russia and China. Also Mongolia's banking sector transformation provides precious lessons why banking transformation has been so difficult, time-consuming and full of mistakes even for one of the most successful cases.

Suggested Citation

  • Masaru Honma, 2015. "Banking Sector Transition in Mongolia Since 1990," The Northeast Asian Economic Review, ERINA - Economic Research Institute for Northeast Asia, vol. 3(2), pages 29-42, October.
    • Handle: RePEc:eri:review:3:2:29-42
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    File URL: https://www.unii.ac.jp/erina-unp/archive/en/wp-content/uploads/2018/05/naer32-3_tssc.pdf
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    References listed on IDEAS

    as
    1. Hahm, H., 1993. "The Development of the Private Sector in a Small Economy in Transition, The Case of Mongolia," World Bank - Discussion Papers 223, World Bank.
    2. Denizer, Cevdet & Gelb, Alan, 1992. "Mongolia - Privatization and system transformation in an isolated economy," Policy Research Working Paper Series 1063, The World Bank.
    3. International Monetary Fund, 2002. "Banking Crises and Bank Resolution: Experiences in Some Transition Economies," IMF Working Papers 2002/056, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Shigeto Kitano & Kenya Takaku, 2023. "Commodity Prices, Financial Frictions, and Macroprudential Policies," Discussion Paper Series DP2023-21, Research Institute for Economics & Business Administration, Kobe University.

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