2009-05: The Uzbek Approach to Financial System Development: An Analysis of Achievements and Failures (Working paper)
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Author(s)
Akimov, Alexandr
Dollery, Brian
Griffith University Author(s)
Year published
2009
Metadata
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This paper provides a detailed analysis of Uzbekistan's performance in liberalising its financial system. Two major areas are considered in the paper. First, we review financial development reform in Uzbekistan from independence until 2006, including the banking sector, non-bank financial institutions and securities markets. Second, it examines the policy achievements and failures of the Uzbek path and the sequence of reforms in each of these areas. Policy recommendations are then offered to remedy the existing problems that we identify. This paper is first to make a detailed analysis of policy successes and failures in ...
View more >This paper provides a detailed analysis of Uzbekistan's performance in liberalising its financial system. Two major areas are considered in the paper. First, we review financial development reform in Uzbekistan from independence until 2006, including the banking sector, non-bank financial institutions and securities markets. Second, it examines the policy achievements and failures of the Uzbek path and the sequence of reforms in each of these areas. Policy recommendations are then offered to remedy the existing problems that we identify. This paper is first to make a detailed analysis of policy successes and failures in Uzbekistan financial reform.
View less >
View more >This paper provides a detailed analysis of Uzbekistan's performance in liberalising its financial system. Two major areas are considered in the paper. First, we review financial development reform in Uzbekistan from independence until 2006, including the banking sector, non-bank financial institutions and securities markets. Second, it examines the policy achievements and failures of the Uzbek path and the sequence of reforms in each of these areas. Policy recommendations are then offered to remedy the existing problems that we identify. This paper is first to make a detailed analysis of policy successes and failures in Uzbekistan financial reform.
View less >
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Copyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
Note
Finance
Subject
P21 - Socialist Systems and Transitional Economies: Planning, Coordination, and Reform
P26 - Socialist Systems and Transitional Economies: Political Economy; Property Rights
P33 - Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid
E44 - Financial Markets and the Macroeconomy
Financial reform
Post-communist countries
Transition
Uzbekistan