Glass, Anthony J.; Kenjegalieva, Karligash; … - In: Applied Financial Economics 24 (2014) 2, pp. 121-138
During the first phase of the financial crisis in 2008/09, after Iceland and Belgium, Kazakhstan experienced the most significant bank failures as a share of bank system assets. Using rich monthly data for virtually the entire Kazakh banking industry for the period March 2007--December 2010,...