A Financial Model of Economic Changes in Case of Retarded Institutes

Jakov Sergienko

Voprosy Ekonomiki, 2002, vol. 9

Abstract: nbsp; The bank and stock market role in business cycle under different institutional conditions is discussed. A functional dependence between institutional conditions level and financial system's influence on economic activity is determined. The author detects that "spontaneous" ways for its stabilization appear when the economic significance of financial institutes is going down. One of these ways is informal merging between business and government institutes. Looking at the experience of emerging markets, the author concludes that in the long-term prospect the present model of economic development will block the development of market institutes and decrease the national economy effectiveness.

Date: 2002
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:2002-9-5

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().