This paper explains both the onset of the financial crisis in 1998 and the striking economic recovery afterwards in … Russia and other Former Soviet Union (FSU) economies. Before the crisis banks do not lend to the real sector of the economy … collapse of the treasury bills market in the financial crisis of August 1998 triggers a change in banks lending behavior. A …

This paper explains both the onset of the financial crisis in 1998 and the striking economic recovery afterwards in … Russia and other Former Soviet Union (FSU) economies. Before the crisis banks do not lend to the real sector of the economy … collapse of the treasury bills market in the financial crisis of August 1998 triggers a change in banks lending behavior. A …

collapse of the treasury bills market in Russia in the financial crisis of 1998 reversed this process and thus acted as a …This paper provides a unified theory to explain the onset of the financial crisis in 1998 and the striking economic … recovery in Russia and the former Soviet Union afterwards. Before the crisis, the banking sector in these economies was stuck …

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 …Das Papier gibt zunächst einen Überblick über die Ursachen und ökonomischen Kosten der Bankenkrise in Rußland, die im …