Deposit Formation in Georgia

Author/Editor:

Robert Tchaidze ; Salome Tvalodze

Publication Date:

April 1, 2011

Electronic Access:

Free Full text (PDF file size is 1122 KB).Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analyzes behavior of the real deposits in Georgia in1996-2009 by modeling demand for the real broad money balances and the cash-deposit ratio. The results suggest that the main factors that affected deposits over those years were income, development of the financial sector, and changes in the tax burden, while changes in the interest rate and inflation played only a minor role. The results also demonstrate importance of the geopolitical events as they affect confidence in the banking sector.

Series:

Working Paper No. 11/78

Subject:

English

Publication Date:

April 1, 2011

ISBN/ISSN:

9781455226108/1018-5941

Stock No:

WPIEA2011078

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

20

Please address any questions about this title to publications@imf.org