Development of the Banking Sector in Russia in 2011

Mikhail Khromov and Alexey Vedev

Published Papers from Gaidar Institute for Economic Policy

Abstract: The financial sphere of Russia was the first sector of the national economy which was affected by the global economic crisis of 2008. Financial markets were hit first and then the banking sector experienced the liquidity problem to be followed by a full-scale economic crisis in Russia. Early in 2011, all the factors pointed to the fact that the banking sector overcame the crisis, and it seemed the upward development began. The banking sector had at its disposal huge available resources for expansion of lending to the non-financial sector.

Keywords: Banking sector; Russian economy (search for similar items in EconPapers)
JEL-codes: E43 E44 E51 E58 G15 G21 G24 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2012, Revised 2012
New Economics Papers: this item is included in nep-ban, nep-cis, nep-cwa, nep-mac and nep-tra
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Published in Russian Economy in 2011, Trends and Outlooks, Issue 33

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https://www.iep.ru/files/RePEc/gai/ppaper/122Vedev.pdf Revised version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:122

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