to shed light on the impact on the growth of banking development, which is measured by broad money and bank credit. The … banking system in a typical bank-based financial system in mobilizing and supplying capital to the economy, thus contributing … development are estimated to be around 107% and 101% of the GDP, respectively. This finding suggests that bank credit expansion …

Russian banks. The paper also searches for ways to promote financial development in Russia. It is argued that there may not be … that have a solvency problem such as Russia. Russia's recently adopted banking restructuring program is an abandonment of … it to relatively successful bank restructuring programs pursued in other transition countries such as Poland. …