Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries »
Series: IMF Working Papers
Author(s): Dalia Marin , Haizhou Huang , and Chenggang Xu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2004
Keywords: banking development, institutional trap, banking, information asymmetry, bank lending, banking sector, commercial banks, Socialist Institutions and Their Transitions: Financial Economics, Asymmetric and Private Information, Corporate Finance and Governance,
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 ar...