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Development of the Banking Sector in Russia in 2011

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Author Info

  • Mikhail Khromov

    (Gaidar Institute for Economic Policy)

  • Alexey Vedev

    (Gaidar Institute for Economic Policy)

Abstract

The financial sphere of Russia was the first sector of the national economy which was affected by the global economic crisis of 2008. Financial markets were hit first and then the banking sector experienced the liquidity problem to be followed by a full-scale economic crisis in Russia. Early in 2011, all the factors pointed to the fact that the banking sector overcame the crisis, and it seemed the upward development began. The banking sector had at its disposal huge available resources for expansion of lending to the non-financial sector.

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File URL: http://www.iep.ru/files/RePEc/gai/ppaper/122Vedev.pdf
File Function: Revised version, 2012
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Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 122.

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Length: 14 pages
Date of creation: 2012
Date of revision: 2012
Publication status: Published in Russian Economy in 2011, Trends and Outlooks, Issue 33
Handle: RePEc:gai:ppaper:122

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Keywords: Banking sector; Russian economy;

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