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Author/Editor:
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Robert Tchaidze ; Salome Tvalodze
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Publication Date:
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April 01, 2011
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Electronic Access:
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Free Full text
(PDF file size is 1,122KB).
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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
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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.
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Order a print copy
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Series:
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Working Paper No. 11/78
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Subject(s):
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Banking sector | Commercial banks | Currency depositories | Economic models
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Author's Keyword(s):
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money demand | currency-deposit ratio | depositary base |
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