search query: @author Schoors, K. / total: 4
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| Author: | Schoors, K. |
| Title: | The Fate of Russia's Former State Banks: Chronicle of a Restructuring Postponed and a Crisis Foretold |
| Journal: | Europe-Asia Studies
2003 : JAN, VOL. 55:1, p. 75-100 |
| Index terms: | RUSSIA BANKS CRISES TRANSITION ECONOMIES |
| Language: | eng |
| Abstract: | Transition in central and Eastern Europe has come a long way. One of the crucial components of a smoothly functioning market economy is an efficient and stable commercial banking system. In all countries of the former communist bloc reformers have been faced with the transformation of the inherited monobank system to a two-tier banking system with a central bank and commercial banks. The article starts with a descriptive analysis of the fate of large specialized banks (spetsbanki) in post-communist Russia. The paper then proceed with an empirical analysis that establishes new stylised facts common to all descendants of the former state banks, including the smaller ones that are less well- known. The final section summarises and concludes. |
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