ADDRESSING CHALLENGES IN THE DEVELOPMENT OF THE BANKING SYSTEM OF KYRGYZ REPUBLIC FOR THE FUTURE
Abstract
This study gives brief characteristic of the banking system after the 2010 political events in Kyrgyzstan. Important parameters that contribute to sustainable development and the functioning of the banking system are identified. Moreover, mechanisms to address current and long-term chal-lenges are suggested. Basically, they are associated with the formation of the Common Economic Space by member countries of the Customs Union. The main motivation for functioning of the Cus-toms Union is development of member countries and further acceleration of integration process through the development of foreign trade activity. Taking into account this fact this paper suggests mechanisms for the improvement and development of legislative, regulatory, technological, indus-trial, innovative and documentation processes.
Keywords
- banking system,the regular total capital,total liabilities,shareholders' bank re-sources,credit investments,income,interest income,interest rate,liquidity trap,deposits,deposit insurance,the risk of securities,consumer loans,leasing operations,banking innovations,financial innovations,paperless payments
ADDRESSING CHALLENGES IN THE DEVELOPMENT OF THE BANKING SYSTEM OF KYRGYZ REPUBLIC FOR THE FUTURE
Abstract
This study gives brief characteristic of the banking system after the 2010 political events in Kyrgyzstan. Important parameters that contribute to sustainable development and the functioning of the banking system are identified. Moreover, mechanisms to address current and long-term chal-lenges are suggested. Basically, they are associated with the formation of the Common Economic Space by member countries of the Customs Union. The main motivation for functioning of the Cus-toms Union is development of member countries and further acceleration of integration process through the development of foreign trade activity. Taking into account this fact this paper suggests mechanisms for the improvement and development of legislative, regulatory, technological, indus-trial, innovative and documentation processes.
Keywords
- banking system,the regular total capital,total liabilities,shareholders' bank re-sources,credit investments,income,interest income,interest rate,liquidity trap,deposits,deposit insurance,the risk of securities,consumer loans,leasing operations,banking innovations,financial innovations,paperless payments
УСТРАНЕНИЕ ВЫЗОВОВ В РАЗВИТИИ БАНКОВСКОЙ СИСТЕМЫ КЫРГЫЗСКОЙ РЕСПУБЛИКИ НА ПЕРСПЕКТИВУ
Abstract
Дана краткая характеристика банковской системы после политических событий 2010 года в Кыргызстане. Определены важные параметры устойчивого развития и функциониро-вания банковской системы. Кроме того, предложен механизмы решения текущих и долго-срочных проблем. В основном они связаны с формированием Единого экономического про-странства странами-членами Таможенного союза. Основной мотивацией для функциониро-вания Таможенного союза является развитие стран-членов и дальнейшее ускорение процесса интеграции путем расширения внешнеторговой деятельности. Предлагаются механизмы со-вершенствования и развития законодательной, нормативной и технологической базы для устранения вызовов развития банковской системы.
Keywords
- банковская система,регулярный суммарный капитал,суммарные обя-зательства,собственные банковские ресурсы,кредитные вложения,прибыль,процентные доходы,процентная ставка,ликвидная ловушка,привлеченные депозиты,страхование депо-зитов,риск ценных бумаг,потребительское кредитование,лизинговые операции,банковские нововведения,финансовые нововведения,безбумажные платежные средства
