러시아ㆍ유라시아
연구정보
[경제] Financial Development and Growth in the Caucasus and Central Asia
러시아ㆍ유라시아 일반 국외연구자료 연구보고서 - IMF 발간일 : 2022-07-08 등록일 : 2022-08-14 원문링크
This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF’s multidimensional index of financial development, we find that CCA countries have made progress following the independence in early 1990s. However, the progress was uneven across the CCA, resulting in a divergence of financial development over time and mixed performance relative to EM and LIC peers. Financial institutions have progressed the most, while financial markets remain underdevelped in most CCA countries except Kazakhstan. In terms of sub-indicators of financial development, financial access has expanded markedly, while the depth of financial intermediation has remained largely shallow and efficiency of financial intermediation has fluctuated over time. Standard growth regressions suggest that CCA countries with relatively lower level of financial development have scope to boost annual growth rates between 0.5-2.5 percent by reaching the level of financial development of frontier CCA countries.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] Reducing Dollarization in the Caucasus and Central Asia | 2022-08-14 |
|---|---|---|
| 다음글 | [경제] Republic of Kazakhstan: Technical Assistance Report-Risk-Based Supervision ... | 2022-08-14 |
