Brown, Martin; Rueda Maurer, Maria; Pak, Tamara; … - Schweizerische Nationalbank (SNB) - 2007
We examine the impact of banking sector reforms on interest rates using bank-level data from Kyrgyzstan for 1998-2005. We find that increased confidence in the banking sector has contributed significantly to lowering interest rate levels, while the impact of lower intermediation costs, credit...