Andreas Horsch

Faculty of Economics, Technische Universität Bergakademie Freiberg

Germany

andreas.horsch@bwl.tu-freiberg.de

Deposit insurance systems of post-Soviet countries: A comparative analysis

Larysa Sysoyeva

Department of Finance, Banking and Insurance, Institute for Business Technologies ‘UAB’ of the Sumy State University

Ukraine 

l.sysoieva@uabs.sumdu.edu.ua

Sergii Bogma

Assurance & Advisory, Financial Services, PJSC ‘Deloitte & Touche USC’, Kiev

Ukraine 

sbogma@deloitte.ua

Abstract. The article provides a comprehensive analysis of deposit insurance systems in the post-Soviet countries as of December 2017. The article brings up to date the earlier databases of Demirgüç-Kunt and various co-authors, covering 15 post-Soviet countries exclusively. The analysis shows that post-Soviet countries are on their way developing deposit insurance systems that can effectively protect clients and help establish a stable financial system. Altogether, the most crucial factor which does not allow post-Soviet countries to fully accept the EU deposit insurance regulations is the divergent course of economic development. The findings are further illustrated along the particular case of Ukraine.

Received: June, 2018

1st Revision: August, 2018

Accepted: November, 2018

DOI: 10.14254/2071-8330.2018/11-4/2

JEL Classification: G21, G28, P20

Keywords: post-Soviet countries, deposit insurance, banking systems, European integration