Huang, Haizhou; Marin, Dalia; Xu, Chenggang - 2003
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 …
