European Parliament Library

Deposit formation in Georgia, Salome Tvalodze and Robert Tchaidze

Deposit formation in Georgia, Salome Tvalodze and Robert Tchaidze
Bibliography note
Includes bibliographical references
no index present
Literary Form
non fiction
Main title
Deposit formation in Georgia
Nature of contents
Responsibility statement
Salome Tvalodze and Robert Tchaidze
Series statement
IMF Working Paper, WP/11/78
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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Methodology; III. Empirical Analysis; 1. Real Growth in Selected Industries; 2. Assets of the Banking Sector; 3. Depositary Base; 4. Deposit Dollarization; 5. Variables Used in the Regressions; 6. Real Money-Actual and Fitted Values; 7. Currency-Deposit Ratio-Actual and Fitted Values; 1. Augmented Dickey-Fuller Test Results; 2. Variance Decomposition; 8. Real Deposits-Actual and Fitted (Exponential, MA) Values; 9. Contribution of Fundamentals to Estimated Real Deposits; IV. Conclusions; References; Footnotes