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Sustaining Russia's growth: The role of financial reform

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Author Info
Berglof, Erik
Lehmann, Alexander
Abstract

This paper charts key aspects of the expansion of Russia's banking systems following the deep financial and currency crisis of 1998. It puts the growth of Russian banks into the context of the expansion of the financial system, and studies the impact of key regulatory reforms. The role of bank credit in supporting Russia's growth is assessed on the basis of industry specific trends in bank credit and investment. The paper reviews the impact of the ongoing disruptions in international credit markets on Russian banks, and provides an outlook on its likely impact on the nature of bank credit, and the structure of the banking system. Journal of Comparative Economics 37 (2) (2009) 198-206.

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Publisher Info
Article provided by Elsevier in its journal Journal of Comparative Economics.

Volume (Year): 37 (2009)
Issue (Month): 2 (June)
Pages: 198-206
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Handle: RePEc:eee:jcecon:v:37:y:2009:i:2:p:198-206

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Web page: http://www.elsevier.com/locate/inca/622864

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Related research
Keywords: Economic development: Financial markets Saving and capital investment Corporate finance and governance Socialist systems and transitional economies;

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. David N. DeJong & Daniel Berkowitz, 2008. "Growth in Post-Soviet Russia: A Tale of Two Transitions," Working Papers 369, University of Pittsburgh, Department of Economics, revised Sep 2008. [Downloadable!]
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This page was last updated on 2009-12-3.


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