01751cas a2200241 a 4500 AALejournalIMF000662 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851885 1018-5941 BD-DhAAL BD-DhAAL Hoelscher, David. Banking System Restructuring in Kazakhstan / David Hoelscher. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews financial restructuring in Kazakhstan, and the condition of the financial system in the period following independence. The authorities' efforts to redress financial sector weaknesses fall into two phases: The first phase addressed the immediate crises in the banking system by slowing bank licensing, tightening prudential regulations, and dealing with large nonperforming loans. The next phase saw reforms to regulatory and institutional structures. The paper shows that, by the end of 1997, substantial reforms in the structure of the financial system had been accomplished and a major financial collapse avoided. However, the banking system had not begun to play an active role in financial intermediation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/096 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/096/001.1998.issue-096-en.xml IMF e-Library