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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Banking Sector Development in Uzbekistan: A Case of Mixed Blessings?
Author(s): Ghosh, Dipak
Ruziev, Kobil
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Keywords: Central Asia
Economic Transition
Banks and banking Uzbekistan
Uzbekistan Economic conditions
Issue Date: Jun-2009
Date Deposited: 10-Dec-2009
Citation: Ghosh D & Ruziev K (2009) Banking Sector Development in Uzbekistan: A Case of Mixed Blessings?. Problems of Economic Transition, 52 (2), pp. 3-41.
Abstract: Using grass-roots-level data, this article analyzes factors that contribute to the current backwardness of the Uzbek banking sector. The study attempts to show that despite considerable progress achieved in terms of modernizing payments systems, embracing international accounting standards, and establishing a two-tier banking system, not much improvement has been made in terms of financial intermediation in the country. It argues that the Uzbek government’s post-independence policy of not dismantling the old style of monetary management, which was prompted by the need to prevent the economy from dramatic reduction in output and employment, has outlived its usefulness and should now be reformulated to promote a banking system able to cope with the needs of a market-based economy.
DOI Link: 10.2753/PET1061-1991520201
Rights: © 2009 M.E. Sharpe, Inc. All rights reserved.; The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.
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