Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries

Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries
This paper provides a unified analysis for the onset of the 1998 financial crisis and the strong economic recovery afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence of a lemons credit market and high government borrowing. In a lemons credit market low credit risk firms... READ MORE...

Publication date: June 2004
ISBN 9781451852851
$15.00

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