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

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 Demirg-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.