|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||A stages approach to banking development in transition economies|
Credit Soviet Union
Banks and banking --Russia (Federation)
Finance Former Soviet republics
Banks and banking, Central Former Soviet republics
|Citation:||Dow S, Ghosh D & Ruziev K (2008) A stages approach to banking development in transition economies. Journal of Post Keynesian Economics, 31 (1), pp. 3-33. https://doi.org/10.2753/PKE0160-3477310101|
|Abstract:||Credit shortages are widely thought to explain the output contraction in former Soviet Union (FSU) countries during the 1990s. It is argued here that these shortages were the result of an ahistorical approach to policymaking which ignored the time needed for the establishment and further development of money, banking, and nonbanking financial institutions. Starting from Chick’s stages-of-banking-development framework, we examine the experience of the FSU economies in transition from central planning. We then develop a fivephase framework to characterize the process of banking development required for them to reach stage two of Chick’s framework, where bank liabilities are accepted as money.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.|
|Stages-JPKE.pdf||Fulltext - Published Version||1.19 MB||Adobe PDF||Under Embargo until 3000-12-01 Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact firstname.lastname@example.org providing details and we will remove the Work from public display in STORRE and investigate your claim.