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

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Financial Crisis, Economic Recovery, and Banking Development in Russia, Ukraine and Other FSU Countries by : Haizhou Huang

Download or read book Financial Crisis, Economic Recovery, and Banking Development in Russia, Ukraine and Other FSU Countries written by Haizhou Huang and published by . This book was released on 2006 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries by : Haizhou Huang

Download or read book Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries written by Haizhou Huang and published by International Monetary Fund. This book was released on 2004-06 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (848 download)

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Book Synopsis Financial Crisis, Economic Recovery, and Banking Development in Russia, Ukraine, and Other FSU Countries by :

Download or read book Financial Crisis, Economic Recovery, and Banking Development in Russia, Ukraine, and Other FSU Countries written by and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Crisis, Economy Recovery and Banking Development in Russia

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Financial Crisis, Economy Recovery and Banking Development in Russia by : Chenggang Xu

Download or read book Financial Crisis, Economy Recovery and Banking Development in Russia written by Chenggang Xu and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper builds a model that provides a unified explanation for the onset of the financial crisis in 1998 and the striking economic recovery in Russia afterwards. We argue that before the crisis, the banking sector in Russia was stuck in a banking development trap due to firms incentives to raise liquidity through barter trade and due to the government over issuing of bonds to finance the budget. The banking development trap arises due to an externality that barter trade generates on the lending rates of banks. It is sustained by high yields of government bonds which induces banks to invest in treasury bills rather than to lend to firms. The financial crisis in August 1998 reversed this process and thus acted as a trigger to get out of this trap. This has led to the strong economic recovery and provided initial conditions for banking development. We provide empirical evidence for the banking development trap with firm level data from Ukraine in 1997 and for the financial crisis as a trigger for banking development with country level data for transition conomies.

Financial Crises, Economic Recovery and Banking Development in Former Soviet Union Economies

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis Financial Crises, Economic Recovery and Banking Development in Former Soviet Union Economies by : Haizhou Huang

Download or read book Financial Crises, Economic Recovery and Banking Development in Former Soviet Union Economies written by Haizhou Huang and published by . This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Crises

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Publisher : Rowman & Littlefield
ISBN 13 : 0815797966
Total Pages : 300 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Financial Crises by : Gerard Caprio

Download or read book Financial Crises written by Gerard Caprio and published by Rowman & Littlefield. This book was released on 2005-12-06 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and World Bank Group publication Throughout the 1990s, numerous financial crises rocked the world financial sector. The Asian bubble burst, for example; Argentina and Brazil suffered currency crises; and the post-Soviet economy bottomed out in Russia. In Financial Crises, a distinguished group of economists and policy analysts examine and draw lessons from attempts to recover from past crises. They also consider some potential hazards facing the world economy in the 21st century and discuss ways to avoid them and minimize the severity of any future downturn. This important new volume emerges from the seventh annual conference on emerging markets finance, cosponsored and organized by the World Bank and the Brookings Institution. In the book, noted experts address the following questions: How effective were post-crisis policies in Latin America, Eastern Europe, and East and Central Asia? Where do international financial markets stand ten years after the worldwide debt crisis? How can the provision of financial services resume vigorously, yet safely? What are the viable policy options for reducing systemic financial vulnerability? What will the next emerging-market financial crisis look like? Will lessons learned from past experiences help to avoid future disasters? How can nations reform their pension systems to deal with retirement challenges in the 21st century?

Debt Defaults and Lessons from a Decade of Crises

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Publisher : MIT Press
ISBN 13 : 0262195534
Total Pages : 399 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Debt Defaults and Lessons from a Decade of Crises by : Federico Sturzenegger

Download or read book Debt Defaults and Lessons from a Decade of Crises written by Federico Sturzenegger and published by MIT Press. This book was released on 2007-01-05 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Detailed case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador, Moldova, and Uruguay, framed by a comprehensive discussion of the history, economic theory, legal issues, and policy lessons of sovereign debt crises. The debt crises in emerging market countries over the past decade have given rise to renewed debate about crisis prevention and resolution. In Debt Defaults and Lessons from a Decade of Crises, Federico Sturzenegger and Jeromin Zettelmeyer examine the facts, the economic theory, and the policy implications of sovereign debt crises. They present detailed case histories of the default and debt crises in seven emerging market countries between 1998 and 2005: Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay. These accounts are framed with a comprehensive overview of the history, economics, and legal issues involved and a discussion from both domestic and international perspectives of the policy lessons that can be derived from these experiences. Sturzenegger and Zettelmeyer examine how each crisis developed, what the subsequent restructuring encompassed, and how investors and the defaulting country fared. They discuss the new theoretical thinking on sovereign debt and the ultimate costs entailed, for both debtor countries and private creditors. The policy debate is considered first from the perspective of policymakers in emerging market countries and then in terms of international financial architecture. The authors' surveys of legal and economic issues associated with debt crises, and of the crises themselves, are the most comprehensive to be found in the literature on sovereign debt and default, and their theoretical analysis is detailed and nuanced. The book will be a valuable resource for investors as well as for scholars and policymakers.

Understanding the World Economy

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Publisher : Routledge
ISBN 13 : 113471050X
Total Pages : 281 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Understanding the World Economy by : Tony Cleaver

Download or read book Understanding the World Economy written by Tony Cleaver and published by Routledge. This book was released on 2013-12-19 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: With globalization continuing apace, the world economy continues to experience dramatic change and development. This third edition builds on the popular format of its predecessors to provide the best concise guide to its subject for students of international economics. Since the previous edition, new developments covered include: the ongoing impact of 9/11 and the Iraq War the increased number of free trade agreements, custom unions and common markets, including the recent accession of ten new countries to the European Union in 2004 an acknowledgement of the huge impact of private firms in shaping the global economy an examination of the role of the International Monetary Fund, World Bank and World Trade Organization. The book takes the student through the major characteristics of the global economy in jargon-free non-technical language. Chapter summary diagrams and a wealth of boxes and tables make this an essential introduction for undergraduates and A-level students as well as the casual reader.

IMF Survey

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Publisher :
ISBN 13 :
Total Pages : 734 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis IMF Survey by : International Monetary Fund

Download or read book IMF Survey written by International Monetary Fund and published by . This book was released on 2004 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

A Different Country

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Publisher : CEPS
ISBN 13 : 9290797673
Total Pages : 112 pages
Book Rating : 4.2/5 (97 download)

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Book Synopsis A Different Country by : Lúcio Vinhas de Souza

Download or read book A Different Country written by Lúcio Vinhas de Souza and published by CEPS. This book was released on 2008 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia is now once again one of the ten largest economies in the world (representing around 70% of Germany's GDP in purchasing power parity in 2007). In addition, Russia is the third largest trading partner of the EU, the fourth largest trade partner of the eurozone and an essential energy supplier to the EU. This recovery makes Russia an economic - and political - actor that cannot be ignored. In this authoritative new book, Lúcio Vinhas de Souza, desk officer for Russia in the Directorate-General for Economic and Financial Affairs of the European Commission, reviews the country's evolving macroeconomic performance and structural policy framework, from the difficult days of the recession in the early transition period and the 1998 crisis to Russia's sustained and robust growth since 1999. He outlines the remaining reform priorities in Russia and concludes with pragmatic policy recommendations for the reform agenda.

The Political Economy of Rural Livelihoods in Transition Economies

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Publisher : Taylor & Francis
ISBN 13 : 0415460433
Total Pages : 283 pages
Book Rating : 4.4/5 (154 download)

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Book Synopsis The Political Economy of Rural Livelihoods in Transition Economies by : Max Spoor

Download or read book The Political Economy of Rural Livelihoods in Transition Economies written by Max Spoor and published by Taylor & Francis. This book was released on 2009 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: These chapters reflect the striking differences between transition countries in their processes of rural reform and development of rural poverty.

Minerals Yearbook

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Publisher :
ISBN 13 :
Total Pages : 250 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Minerals Yearbook by :

Download or read book Minerals Yearbook written by and published by . This book was released on 1998 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Research Bulletin

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Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (9 download)

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Book Synopsis IMF Research Bulletin by :

Download or read book IMF Research Bulletin written by and published by . This book was released on 2004 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Income, Inequality, and Poverty During the Transition from Planned to Market Economy

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Publisher : World Bank Publications
ISBN 13 : 9780821339947
Total Pages : 256 pages
Book Rating : 4.3/5 (399 download)

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Book Synopsis Income, Inequality, and Poverty During the Transition from Planned to Market Economy by : Branko Milanovi?

Download or read book Income, Inequality, and Poverty During the Transition from Planned to Market Economy written by Branko Milanovi? and published by World Bank Publications. This book was released on 1998 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 394. Joint Forest Management (JFM) has emerged as an important intervention in the management of Indias forest resources. This report sets out an analytical method for examining the costs and benefits of JFM arrangements. Two pilot case studies in which the method was used demonstrate interesting outcomes regarding incentives for various groups to participate. The main objective of this study is to develop a better understanding of the incentives for communities to participate in JFM.

ABA Banking Journal

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Publisher :
ISBN 13 :
Total Pages : 922 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis ABA Banking Journal by : American Bankers Association

Download or read book ABA Banking Journal written by American Bankers Association and published by . This book was released on 2006 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Transition in Europe and Central Asia

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Publisher : World Bank Publications
ISBN 13 : 9780821348147
Total Pages : 302 pages
Book Rating : 4.3/5 (481 download)

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Book Synopsis Financial Transition in Europe and Central Asia by : Alexander Fleming

Download or read book Financial Transition in Europe and Central Asia written by Alexander Fleming and published by World Bank Publications. This book was released on 2001-01-01 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains 21 papers focusing on a wide range of issues concerning financial sector transition in the countries of Europe and Central Asia (ECA). It places the transition economies in the context of recent and prospective developments in global financial markets. This book also evaluates the experience of the last 10 years and reviews the progress from a command financial system to a market-based one, identifying some of the key characteristics of the financial transition.