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....

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Marin, Dalia
Weitere Verfasser: Huang, Haizhou, Xu, Chenggang
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2004.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2004/105
Online Zugang:Full text available on IMF
LEADER 01815cas a2200265 a 4500
001 AALejournalIMF002458
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451852851 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Marin, Dalia. 
245 1 0 |a Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries /  |c Dalia Marin, Haizhou Huang, Chenggang Xu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 switched from bank to nonbank finance, including trade credits and barter trade, generating an externality on banks' interest rates. The collapse of the treasury bills market in the financial crisis triggered a change in banks' lending behavior, providing initial conditions for banking development. 
538 |a Mode of access: Internet 
700 1 |a Huang, Haizhou. 
700 1 |a Xu, Chenggang. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/105 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/105/001.2004.issue-105-en.xml  |z IMF e-Library