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Economies of Transition

C/E/98. The development of the banking sector in the transitional economies prior to the 1998 financial crisis

WORDS:
2000
DATE:
2006
PRICE:
29.99 GBP

This essay identifies that the banking sector had an abnormally large growth in the first years of transition, fuelled by hyper inflation and favourable exchange rates. The number of banks grew to 2,400 in 1994, however not many of them fulfilled the ?normal? bank role. Their main activity was speculating. The essay discusses the reasons why the Russian 1998 crisis was caused by the banking sector and also provides references to other transitional countries.

 

KEYWORDS: development, banking, sector, transitional, economies, prior, financial, crisis,

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