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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
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
Nov 03, 2020
Page views
9856
Downloads
659
  • Study Description
  • Data Description
  • Documentation
  • Get Microdata
  • Identification
  • Version
  • Scope
  • Coverage
  • Producers and sponsors
  • Data Collection
  • Questionnaires
  • Access policy
  • Metadata production

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.
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.

Access policy

Contacts
Name Email
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].
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
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