01815cas a2200265 a 4500 AALejournalIMF002458 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852851 1018-5941 BD-DhAAL BD-DhAAL Marin, Dalia. Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries / Dalia Marin, Haizhou Huang, Chenggang Xu. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Huang, Haizhou. Xu, Chenggang. IMF Working Papers; Working Paper ; No. 2004/105 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/105/001.2004.issue-105-en.xml IMF e-Library