Survey on Interest Rate Controls 2019
Albania, Algeria, Anguilla, Antigua and Barbuda, Argentina, Armenia, Australia, Azerbaijan, Bangladesh, Belgium, Benin, Bermuda, Bosnia and Herze..., 2019
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Reference ID
WLD_2019_IRC_v01_M
Producer(s)
World Bank Group - Finance, Competitiveness and Innovation Global Practice
Collection(s)
Metadata
Created on
Nov 03, 2020
Last modified
Nov 03, 2020
Page views
9856
Downloads
659
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 |
| Vietnam | VNM |
| Zambia | ZMB |
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.
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 |
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 Mode
Mail Questionnaire [mail]
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.
Questionnaires
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.
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.
Access policy
Contacts
| Name | |
|---|---|
| Pietro Calice | pcalice@worldbank.org |
| Federico Diaz Kalan | fdiazkalan@worldbank.org |
| Oliver Masetti | omasetti@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].
- 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].
Access authority
| Name | Affiliation | URL |
|---|---|---|
| World Bank Microdata Library | World Bank | microdata.worldbank.org |
Metadata production
DDI Document ID
DDI_WLD_2019_IRC_v01_M_WB
Producers
| Name | Abbreviation | Affiliation | Role |
|---|---|---|---|
| Development Data Group | DECDG | World Bank | Documentation of the study |
Date of Metadata Production
2020-10-30
DDI Document version
Version 01