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Banking System Restructuring In Kazakhstan
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Book Synopsis Banking System Restructuring in Kazakhstan by : Mr.David S. Hoelscher
Download or read book Banking System Restructuring in Kazakhstan written by Mr.David S. Hoelscher and published by International Monetary Fund. This book was released on 1998-06-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Banking System Restructuring in Kazakhstan by : David Hoelscher
Download or read book Banking System Restructuring in Kazakhstan written by David Hoelscher and published by . This book was released on 2006 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1498311008 Total Pages :95 pages Book Rating :4.4/5 (983 download)
Book Synopsis The Republic of Kazakhstan by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book The Republic of Kazakhstan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-08-29 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment highlights that the global financial crisis exposed serious bank vulnerabilities in Kazakhstan. The authorities successfully contained the ensuing systemic crisis, however, left unaddressed important weaknesses that continue to linger. The government has nationalized three of the largest banks and restructured their external obligations, thus preventing a collapse of the banking system. The banks’ solvency situation is adequate but somewhat fragile as a result of legacy problems. A faster transition to risk-based oversight is needed. The relative vulnerability of banks to shocks warrants increased emphasis on risk. This can be achieved through the adoption of more advanced risk-assessment tools and a more extensive use of stress test results for risk analysis. The financial safety net and resolution framework were upgraded during the crisis but need further adjustments. The government amended the resolution framework in 2009 to incorporate several desirable features such as restructuring, purchase and assumption, and bridge bank. However, during the crisis it bypassed the use of sequential crisis management tools and nationalized banks and restructured their external liabilities. The resolution framework suffers from the absence of special authority and requires the approval of depositors and creditors. Adjustments to the Emergency Liquidity Assistance framework are needed to limit its availability to solvent institutions.
Book Synopsis Republic of Kazakhstan by : International Monetary Fund
Download or read book Republic of Kazakhstan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-29 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kazakhstani banks continue to suffer from a high and rising stock of nonperforming loans. A centralized approach to asset resolution is warranted, and could be based on a reinvigorated Distressed Asset Fund. A robust and transparent public financial management system should be an integral part of any effective fiscal framework. Deeper and sophisticated domestic financial markets will help decline in dollarization and the associated risks. A sound medium-term fiscal framework, supportive monetary and exchange rate policies, and overall financial sector reform is required.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 : Total Pages :53 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Republic of Kazakhstan written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-02-07 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following Kazakhstan’s recovery from the 2014-15 decline in oil prices, the country was hit by a series of shocks, starting with the COVID-19 pandemic, then the January 2022 social unrest, and most recently the fallout from Russia’s invasion of Ukraine. So far, that has had limited impact on output, also thanks to various measures taken by the authorities to stabilize the economy. However, there are risks to the outlook. The financial system, which is small and bank-dominated, underwent significant changes during this period. Banks’ largest exposures are to households while large corporates rely on non-residents for funding.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :148437696X Total Pages :34 pages Book Rating :4.4/5 (843 download)
Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Republic of Kazakhstan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-09-14 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues
Book Synopsis Risk, Recovery, and Empowerment by : Marcia-Elizabeth C. Favale
Download or read book Risk, Recovery, and Empowerment written by Marcia-Elizabeth C. Favale and published by . This book was released on 2022-05-16 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 2009, trying to navigate the financial crisis, the government of Kazakhstan took a decisive step in restructuring its three banks. Kazakhstan rejected the bailout strategy and rejected a bad bank/good bank framework. Risk, Recovery, and Empowerment is a qualitative, investigative analysis, told by the author, a finance partitioner who devised and led the implementation of the over $30 billion Burden-Sharing Framework that became an international benchmark and redefined trade finance by introducing the term and analysis of 'true trade finance'. Before creating a tech startup (Blingby) and being awarded U.S. Patents, a Kazakhstan Patent, and Chinese Patents, Marcia-Elizabeth C. Favale (aka Favale-Tarter) had an illustrious career in finance. She was ranked by Institutional Investor Magazine as the "Top Analyst for Emerging Market Corporate Bond Research" (April 2006). She was the senior advisor to the prime minister of Kazakhstan (2009-2013) and the independent restructuring advisor to BTA Bank and Samruk-Kazyna, with her advisory firm ranked alongside UBS and Lazard as "CEE Restructuring Firm" by Euromoney Magazine (February 2010), amongst other accolades.
Book Synopsis Cost and Effectiveness of Banking Sector Restructuring in Transition Economies by : Edda Zoli
Download or read book Cost and Effectiveness of Banking Sector Restructuring in Transition Economies written by Edda Zoli and published by International Monetary Fund. This book was released on 2001-10 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991-98. It argues that country-specific banking sector features, the size of bad loans inherited from the centrally planned system, and weaknesses in the restructuring policies implemented were the main factors affecting the overall fiscal costs, with the latter two being more significant. The paper finds no significant relationship between the size of restructuring costs and overall improvement in banking sector performance for the sample countries as a whole.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451820911 Total Pages :121 pages Book Rating :4.8/5 (29 download)
Book Synopsis Republic of Kazakhstan--Financial Sector Assessment Program Update--Detailed Assessments and Updates of Financial Sector Standards and Codes by : International Monetary Fund
Download or read book Republic of Kazakhstan--Financial Sector Assessment Program Update--Detailed Assessments and Updates of Financial Sector Standards and Codes written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-10-27 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a Detailed Assessment and Updates of Financial Sector Standards and Codes for Kazakhstan. The assessment reveals that although Kazakhstan's banking system is liquid, there are significant variations from bank to bank, with the distinctions between the tenge and foreign exchange liquidity being quite important. An appropriate body of commercial law is in place, and both banks and the supervisory authority express general satisfaction with the functioning of the systems for registration of collateral and enforcement of security interests.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1452745781 Total Pages :139 pages Book Rating :4.4/5 (527 download)
Book Synopsis Kazakhstan by : International Monetary Fund
Download or read book Kazakhstan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-03-06 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides information on recent economic developments in Kazakhstan. Adoption of the new budget system law was an important step toward a more transparent and stable system of intergovernmental fiscal relations in Kazakhstan. Good progress has been made by the government to implement the key elements of the legal framework for an efficient financial sector. The paper focuses on two of the shocks, the fall in the terms of trade and the real effective appreciation of the Tenge. The statistical data are also presented.
Book Synopsis Bank Restructuring and Resolution by : David S. Hoelscher
Download or read book Bank Restructuring and Resolution written by David S. Hoelscher and published by Palgrave Macmillan. This book was released on 2006-10-02 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Systemic financial crises have become a common feature of the global financial landscape. Resolution of such crises requires a complex mix of macroeconomic and financial sector policies, including the restructuring and resolution of problem banks. This volume outlines the theoretical insights that have been gained and the practical lessons learned.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557758255 Total Pages :92 pages Book Rating :4.7/5 (582 download)
Book Synopsis Economic Reforms in Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan by : International Monetary Fund
Download or read book Economic Reforms in Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-08-31 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This occasional paper provides an overview of the economic reform experiences of the Central Asian states of the former Soviet Union since their independence at the turn of the decade. The choice of countries reflects not only a geographical grouping, but also similarities in the types of transition challenges faced by these countries notwithstanding considerable variations in their sizes, ethnic composition, resource endowments, and economic structures. The paper attempts to identify a number of key macroeconomic and structural areas where the slower reformers in the group might benefit from the experience of the faster reformes.
Book Synopsis The Japanese Banking Crisis of the 1990's by : Mr.Akihiro Kanaya
Download or read book The Japanese Banking Crisis of the 1990's written by Mr.Akihiro Kanaya and published by International Monetary Fund. This book was released on 2000-01-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.
Book Synopsis Kazakhstan: Accelerating Economic Diversification by : Kym Anderson
Download or read book Kazakhstan: Accelerating Economic Diversification written by Kym Anderson and published by Asian Development Bank. This book was released on 2018-08-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kazakhstan has the potential to become an economic leader in Central Asia. Relying on oil and gas alone, however, will not produce the long-run level of growth needed to meet this potential. Reforms geared to improve the business climate, enhance competitiveness, and increase private sector participation are essential. This book examines reforms to accelerate economic diversification in the country. This involves not only modernizing and using public resources in agriculture more efficiently to increase productivity, but also transitioning of manufacturing toward high-potential exports to help the country’s industrial development and create employment opportunities. Upgrading innovation of oilfield services and improving transport and logistics are important to increase participation in the global value chains.
Book Synopsis Effective Government Accounting by : A. Premchand
Download or read book Effective Government Accounting written by A. Premchand and published by International Monetary Fund. This book was released on 1995-06-12 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, by A. Premchand, seeks to bridge fiscal economics and government accounting. It examines historical developments, ingredients of existing systems, features of accounting standards, and other issues that governments must address to perform their tasks economically and efficiently. Readers gain insights into institutional linkages and the role of electronic technology. Arguing that government accounting systems are too important to be left to accountants alone, the book presents an interdisciplinary approach that goes beyond adapting commercial accounting formats to governments.
Book Synopsis Managing the Sovereign-Bank Nexus by : Mr.Giovanni Dell'Ariccia
Download or read book Managing the Sovereign-Bank Nexus written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 2018-09-07 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.
Book Synopsis Lessons From Systemic Bank Restructuring by : Ms.Claudia Helene Dziobek
Download or read book Lessons From Systemic Bank Restructuring written by Ms.Claudia Helene Dziobek and published by International Monetary Fund. This book was released on 1997-12-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, a wide range of countries have experienced banking problems. Their approaches to systemic bank restructuring have varied substantially. This paper analyzes a representative sample of 24 countries and provides a summary of policies judged to be successful. The sample countries were ranked by relative progress in resolving banking sector problems. Based on this ranking, the paper examines the effectiveness of institutional and regulatory measures, assesses the impact of accompanying macroeconomic policies, and examines the extent to which particular restructuring instruments contributed to success. Special emphasis is given to the role of the central bank.
