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

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Financial Crisis, Economic Recovery, and Banking Development in Russia, Ukraine and Other FSU Countries PDF full book. Access full book title Financial Crisis, Economic Recovery, and Banking Development in Russia, Ukraine and Other FSU Countries by Haizhou Huang. Download full books in PDF and EPUB format.

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 PDF Author: Haizhou Huang
Publisher:
ISBN:
Category :
Languages : en
Pages : 37

Get Book

Book Description
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.