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Survey on Interest Rate Controls 2019

Albania, Algeria, Anguilla...and 103 more, 2019
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Reference ID
WLD_2019_IRC_v01_M
DOI
https://doi.org/10.48529/q2m7-kd29
Producer(s)
World Bank Group - Finance, Competitiveness and Innovation Global Practice
Collection(s)
Fragility, Conflict and Violence
Metadata
Documentation in PDF DDI/XML JSON
Created on
Nov 03, 2020
Last modified
Oct 26, 2023
Page views
14927
Downloads
966
  • Identification
  • Version
  • Scope
  • Coverage
  • Producers and sponsors
  • Survey instrument
  • Data collection
  • Data Access
  • Contacts
  • Metadata production
  • Citation

    • Identification

    Survey ID number

    WLD_2019_IRC_v01_M
    Title

    Survey on Interest Rate Controls 2019
    Country/Economy
    Name Country code
    Albania ALB
    Algeria DZA
    Anguilla AIA
    Antigua and Barbuda ATG
    Argentina ARG
    Armenia ARM
    Australia AUS
    Azerbaijan AZE
    Bangladesh BGD
    Belgium BEL
    Benin BEN
    Bermuda BMU
    Bosnia and Herzegovina BIH
    Bolivia BOL
    Brazil BRA
    Bulgaria BGR
    Burkina Faso BFA
    Canada CAN
    Chile CHL
    China CHN
    Colombia COL
    Costa Rica CRI
    Côte D'Ivoire CIV
    Croatia HRV
    Cyprus CYP
    Czech Republic CZE
    Dominica DMA
    Dominican Rep DOM
    Ecuador ECU
    El Salvador SLV
    Estonia EST
    Ethiopia ETH
    Finland FIN
    France FRA
    Georgia GEO
    Germany DEU
    Ghana GHA
    Grenada GRD
    Guatemala GTM
    Guernsey GGY
    Guinea-Bissau GNB
    Guyana GUY
    Hong Kong, SAR HKG
    Iceland ISL
    India IND
    Indonesia IDN
    Iraq IRQ
    Israel ISR
    Italy ITA
    Jamaica JAM
    Japan JPN
    Jersey JEY
    Jordan JOR
    Kenya KEN
    Kosovo
    Kyrgyz Republic KGZ
    Latvia LTV
    Lebannon LBN
    Liechtenstein LIE
    Lithuania LTU
    Macao, SAR MAC
    Malaysia MYS
    Mali MLI
    Malta MLT
    Marshall Islands MHL
    Mauritania MRT
    Mauritius MUS
    Moldova MLD
    Montserrat MSR
    Morocco MAR
    Netherlands NLD
    New Zealand NZL
    Nicaragua NIC
    Niger NER
    North Macedonia MKD
    Norway NOR
    Pakistan PAK
    Panama PAN
    Paraguay PRY
    Peru PER
    Philippines PHL
    Portugal PRT
    Qatar QAT
    Romania ROU
    Russia RUS
    San Marino SMR
    Senegal SEN
    Serbia SRB
    Seychelles SYC
    South Africa ZAF
    Spain ESP
    Sri Lanka LKA
    St. Kitts And Nevis KNA
    St. Lucia LCA
    St. Vincent And The Grenadines VCT
    Sudan SDN
    Sweden SWE
    Thailand THA
    Togo TGO
    Ukraine UKR
    United Kingdom GBR
    United States USA
    Uruguay URY
    Uzbekistan UZB
    Viet Nam VNM
    Zambia ZMB
    Other identifiers
    Type Identifier
    DOI https://doi.org/10.48529/q2m7-kd29
    Abstract
    The Survey on Interest Rate Controls 2020 was conducted as a World Bank Group study on interest rate controls (IRCs) in lending and deposit markets around the world. The study aims to identify the different types of formal (or de jure) controls, the countries that apply then, how they implement them, and the reasons for doing so. The objective of the study is to advance knowledge on this topic by providing an evidence base for investigating the impact of IRCs on economic outcomes.

    The survey investigates present IRCs in each surveyed country, the reasons why they have been applied, the framework and resources associated with their application and the details as to their level and functioning. The focus is on legal forms of control (i.e. codified into law) as opposed to de facto controls. The new database on interest rate controls, a popular form of financial repression is based on a survey of 108 countries, representing 88 percent of global gross domestic product. The interest rate controls presented in this dataset were in effect in 2019.
    Kind of Data

    Sample survey data [ssd]
    Unit of Analysis

    Regulation at the national level.

    Version

    Version Description

    Version 1.0
    Version Date

    2020-10-30
    Version Notes

    The interest rate controls presented in this dataset were in effect in 2019.

    Scope

    Notes

    The data cover such aspects of interest rate controls as types of controls, legal basis, intended objectives, methodologies, and enforcement rules.

    Coverage

    Geographic Coverage

    Global Survey, covering 108 countries, representing 88 percent of global GDP.
    Universe

    Banking supervisors and Local Banking Associations.

    Producers and sponsors

    Primary investigators
    Name
    World Bank Group - Finance, Competitiveness and Innovation Global Practice
    Producers
    Name Affiliation
    Pietro Calice World Bank
    Federico Diaz Kalan World Bank
    Oliver Masetti World Bank
    Funding Agency/Sponsor
    Name
    FIRST Initiative

    Survey instrument

    Questionnaires

    Bank supervisors and banking associations were provided with a standard excel file with five parts. The survey was structured in five parts, each placed in a different excel sheet.
    Part A: Introduction. Countries with no IRCs in place were asked to only answer this sheet and leave the rest blank.
    Part B: Presented the definitions of controls, institutions, products and additional aspects that will be covered in the survey.
    Part C: Introduced a set of qualitative questions to describe the IRCs in place.
    Part D: Displayed a set of tables to quantitatively describe the IRCs in place.
    Part E: Laid out the final set of questions, covering sanctions and control mechanisms that support the IRCs' enforcement.
    The questionnaire is provided in the Documentation section in pdf and excel.

    Data collection

    Dates of Data Collection
    Start End
    2019/01/01 2019/12/31
    Time periods
    Start date End date
    2017/06/01 2019/12/31
    Data Collection Notes

    Not every country responded to the survey. Also, officials from the same country or even the same agency sometimes provided conflicting answers. The team followed up with the authorities that had provided inconsistent or incomplete responses. For a few countries, answers were provided by World Bank Group financial sector experts. In addition, in an attempt to reconcile any inconsistencies, the team checked the responses with Ferrari et al. (2018); with the 2017 Global Financial Inclusion and Consumer Protection Survey (GFICPS 2017); and with Reifner et al. (2010). The edition effort gave preeminence to citations to laws and regulations, creating a repository for these as a complement to the survey.

    Data Access

    Access authority
    Name Affiliation URL
    World Bank Microdata Library World Bank microdata.worldbank.org
    Access conditions

    Public Use Files
    Citation requirements

    Use of the dataset must be acknowledged using a citation which would include:

    • the Identification of the Primary Investigator
    • the title of the survey (including country, acronym and year of implementation)
    • the survey reference number
    • the source and date of download

    Example:

    Calice, Pietro, Federico A. Diaz Kalan and Oliver Masetti. Survey on Interest Rate Controls (IRC) 2019. Ref :WLD_2019_IRC_v01_M. Downloaded from [url] on [date].

    Contacts

    Contacts
    Name Email
    Pietro Calice pcalice@worldbank.org
    Federico Diaz Kalan fdiazkalan@worldbank.org
    Oliver Masetti omasetti@worldbank.org

    Metadata production

    DDI Document ID

    DDI_WLD_2019_IRC_v01_M_WB
    Producers
    Name Affiliation Role
    Development Data Group World Bank Documentation of the study
    Date of Metadata Production

    2020-10-30

    Metadata version

    DDI Document version

    Version 01
    Version date

    2020-10-30

    Citation

    Citation
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