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Sustaining Russia's growth: The role of financial reform

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  • 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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Bibliographic 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

Related research

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

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Cited by:
  1. Berkowitz, Daniel & DeJong, David N., 2011. "Growth in post-Soviet Russia: A tale of two transitions," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 79(1-2), pages 133-143, June.
  2. Kurronen, Sanna, 2012. "Financial sector in resource-dependent economies," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 6/2012, Bank of Finland, Institute for Economies in Transition.
  3. Hattendorff, Christian, 2013. "The Natural Resource Curse Revisited: Is There a Financial Channel?," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order, Verein für Socialpolitik / German Economic Association 79805, Verein für Socialpolitik / German Economic Association.
  4. Alexander Plekhanov & Sergei Guriev & Konstantin Sonin, 2009. "Development based on commodity revenues," Working Papers, European Bank for Reconstruction and Development, Office of the Chief Economist 108, European Bank for Reconstruction and Development, Office of the Chief Economist.

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