Banking Risks in Central Asia
The widely discussed post-crisis settlement in the financial sector, the European sovereign debt situation and ... ... all over. A relatively mature banking sector in Kazakhstan, attempts to overcome uncertainty in Kyrgyzstan and isolationism in Turkmenistan, the obvious dependence of credit institutions in Tajikistan and Uzbekistan on administrative interference – ...
... region it was a concept of Empire’s frontiers that was added to “natural’ understanding of borders. During the Soviet period the idea of “administrative” borders emerged in the region, but only after facing the independence Central Asian countries finally met “borders” as one of the parameters which define the State.
Today there is a big unresolved issue in the whole region - delimitation and demarcation is still unfinished. The only state that finished this process is Turkmenistan, Kazakhstan still has some arguable areas, Kyrgyzstan, Tajikistan, and Uzbekistan have a lot of borders section to discuss - mainly in Ferghana Valley. Additionally, Kyrgyzstan, Tajikistan, and Uzbekistan have one more complex problems concerning ...