Development of the Banking System in Kyrgyzstan: An Historical Review and Current Challenges

Dastan Asei̇nov and Kamalbek Karymshakov

Sosyoekonomi Journal, 2018

Abstract: Banking in transition economies differs from developing and developed economies with market system. This study aims to review development of the banking system in Kyrgyzstan since independence. The period under consideration is divided into five stages, each of which has a main distinctive aspect. Despite considerable achievements in last fifteen years the banking system still remains vulnerable to external shocks. Moreover, insufficient institutional infrastructure is one of the fundamental factors retarding further development of the banking system.

Keywords: Banking System; Transition Economies; Kyrgyzstan; Financial Infrastructure.Issue:26(38) (search for similar items in EconPapers)
JEL-codes: G21 N20 P21 P33 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:180405

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