Development of the banking sector in Georgia

  • Entwicklung des Bankensektors in Georgien
  • The authors’ outline of the evolution of the banking sector development assesses governmental approaches to bank regulation and supervision and is a basic regulatory frame-work, needed to reduce bank failures; it characterises steps of the evolution of the banking sector and trends of its development. The discussion focuses on: 1. Initial forming and restructuring of the banks, changes in the commercial banking sector and the reorganising of the banking systems; 2. Change of the role of the national bank and the mode of its intervention; 3. Dynamics of the banking system development in Georgia and the risks of banking activities. The main findings suggest that 1. The Georgian banks overcame the crisis of the 90’s because of having portfolios of assets in foreign currencies and performing of the national banks function in the “lender of last resort”; 2. Regulatory and supervisory practices in Georgia develop from strict regulations to a deregulation that is most effective in promoting good performance and stability in the banking sectoThe authors’ outline of the evolution of the banking sector development assesses governmental approaches to bank regulation and supervision and is a basic regulatory frame-work, needed to reduce bank failures; it characterises steps of the evolution of the banking sector and trends of its development. The discussion focuses on: 1. Initial forming and restructuring of the banks, changes in the commercial banking sector and the reorganising of the banking systems; 2. Change of the role of the national bank and the mode of its intervention; 3. Dynamics of the banking system development in Georgia and the risks of banking activities. The main findings suggest that 1. The Georgian banks overcame the crisis of the 90’s because of having portfolios of assets in foreign currencies and performing of the national banks function in the “lender of last resort”; 2. Regulatory and supervisory practices in Georgia develop from strict regulations to a deregulation that is most effective in promoting good performance and stability in the banking sector; 3. Alongside with the increase of banking concentration and openness the banking competition and financial risks boost too; that could be managed by further development of institutional reforms in the banking sector. There is an assess of the development and weakness of the banking sector.show moreshow less

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Metadaten
Author:Simon Gelaschwili, Andreas Nastansky
URN:urn:nbn:de:kobv:517-opus-40216
Series (Serial Number):Statistische Diskussionsbeiträge / Lehrstuhl für Statistik und Ökonometrie (36)
Document Type:Book
Language:German
Date of Publication (online):2009/12/22
Year of Completion:2009
Publishing Institution:Universität Potsdam
Release Date:2009/12/22
Tag:Bankenaufsicht; Bankensektor; finanzielle Risiken
banking sector; banking supervision; financial risks
RVK - Regensburg Classification:QH 200
Organizational units:Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften
Dewey Decimal Classification:3 Sozialwissenschaften / 31 Statistiken / 310 Sammlungen allgemeiner Statistiken
Licence (German):License LogoKeine Nutzungslizenz vergeben - es gilt das deutsche Urheberrecht
Notes extern:
Zugleich gedruckt erschienen:
Gelaschwili, Simon; Nastansky, Andreas: Development of the banking sector in Georgia / Simon Gelaschwili; Andreas Nastansky. - Potsdam : Univ., 2009
(Statistische Diskussionsbeiträge ; 36)
ISSN 0949-068X