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Banking System Restructuring in Kazakhstan

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  • Mr. David S. Hoelscher

Abstract

This paper reviews financial restructuring in Kazakhstan, and the condition of the financial system in the period following independence. The authorities’ efforts to redress financial sector weaknesses fall into two phases: The first phase addressed the immediate crises in the banking system by slowing bank licensing, tightening prudential regulations, and dealing with large nonperforming loans. The next phase saw reforms to regulatory and institutional structures. The paper shows that, by the end of 1997, substantial reforms in the structure of the financial system had been accomplished and a major financial collapse avoided. However, the banking system had not begun to play an active role in financial intermediation.

Suggested Citation

  • Mr. David S. Hoelscher, 1998. "Banking System Restructuring in Kazakhstan," IMF Working Papers 1998/096, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/096
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    Cited by:

    1. Khan, Muhammad Arshad, 2002. "Restructuring of Financial Sector in Pakistan," MPRA Paper 3921, University Library of Munich, Germany.
    2. Muhammad Arshad Khan & Sajawal Khan, 2007. "Financial Sector Restructuring in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(Special E), pages 98-125, September.
    3. Ali Raza & Muhammad Usman & Muhammad Akram, 2011. "Analysis of Financial Sector Reforms and Impacts: Reflections from Pakistan," Information Management and Business Review, AMH International, vol. 3(2), pages 91-102.
    4. Kobil Ruziev & Toshtemir Majidov, 2013. "Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan," Europe-Asia Studies, Taylor & Francis Journals, vol. 65(4), pages 682-716.
    5. Raj Yadav, 2016. "Economic Transformation in Central Asia: A Journey of Twenty-five Years," International Studies, , vol. 53(3-4), pages 286-304, July.

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