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A stages approach to banking development in transition economies (2008)
Journal Article
Ruziev, K., Ghosh, D., & Dow, S. C. (2008). A stages approach to banking development in transition economies. Journal of Post Keynesian Economics, 31(1), 3-33. https://doi.org/10.2753/PKE0160-3477310101

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 ne... Read More about A stages approach to banking development in transition economies.