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Does connectedness improve SMEs’ access to formal finance? Evidence from post-communist economies (2018)
Journal Article
Ruziev, K., & Webber, D. (2018). Does connectedness improve SMEs’ access to formal finance? Evidence from post-communist economies. Post-Communist Economies, 31(2), 258-278. https://doi.org/10.1080/14631377.2018.1470855

© 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group. Evidence suggests that a disproportionately greater share of formal finance is channelled to large enterprises in emerging economies, limiting the flow of appropriately-financed... Read More about Does connectedness improve SMEs’ access to formal finance? Evidence from post-communist economies.

Uzbekistan: Higher education reforms and the changing landscape since independence (2018)
Book Chapter
Ruziev, K., & Burkhanov, U. (2018). Uzbekistan: Higher education reforms and the changing landscape since independence. In J. Huisman, A. Smolentseva, & I. Froumin (Eds.), 25 Years of Transformations of Higher Education Systems in Post-Soviet Countries: Reform and Continuity (435-459). Palgrave Macmillan. https://doi.org/10.1007/978-3-319-52980-6_17

This chapter is the first study that carefully documents higher education (HE) reforms in Uzbekistan since the demise of the former Soviet Union. It analyses evolution of the sector with clear emphasis on government policy and its impact on changing... Read More about Uzbekistan: Higher education reforms and the changing landscape since independence.

Political connectedness and formal finance in transition economies (2017)
Journal Article
Ruziev, K. (2017). Political connectedness and formal finance in transition economies. https://doi.org/10.15185/izawol.398

Although small- and medium-sized enterprises (SMEs) represent more than 90% of all enterprises and play an important role in employment generation, they lack access to affordable formal finance. Conventionally, market failures and information imperfe... Read More about Political connectedness and formal finance in transition economies.

Connectedness and SME Financing in Post-Communist Economies: Evidence from Uzbekistan (2015)
Journal Article
Ruziev, K., & Midmore, P. (2015). Connectedness and SME Financing in Post-Communist Economies: Evidence from Uzbekistan. Journal of Development Studies, 51(5), 586-602. https://doi.org/10.1080/00220388.2014.989991

© 2015 Taylor & Francis. Abstract: This paper investigates effects of interpersonal links with bureaucrats on SME access to formal finance. A survey of 502 SMEs in post-communist Uzbekistan shows fewer SMEs with government connections express a nee... Read More about Connectedness and SME Financing in Post-Communist Economies: Evidence from Uzbekistan.

Informal credit institutions in transition countries: A study of urban money lenders in post-communist Uzbekistan (2014)
Journal Article
Ruziev, K., & Midmore, P. (2014). Informal credit institutions in transition countries: A study of urban money lenders in post-communist Uzbekistan. Post-Communist Economies, 26(3), 415-435. https://doi.org/10.1080/14631377.2014.937107

Research on informal financial institutions in transition economies is scant. This study investigates behaviour of urban money lenders in Uzbekistan. Money lending in Uzbekistan is a relatively new business which emerged mostly in response to targete... Read More about Informal credit institutions in transition countries: A study of urban money lenders in post-communist Uzbekistan.

Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan (2013)
Journal Article
Ruziev, K., & Majidov, T. (2013). Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan. Europe-Asia Studies, 65(4), 682-716. https://doi.org/10.1080/09668136.2013.766044

Kazakhstan, the Kyrgyz Republic and Uzbekistan are neighbouring countries in post-Soviet Central Asia which share similar culture and language. Their economic structures were similar under central planning: they provided the agricultural basis to the... Read More about Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan.

Emerging markets (2012)
Book Chapter
Ruziev, K. (2012). Emerging markets. In J. Michell, & J. Toporowski (Eds.), The Handbook of Critical Issues in Finance, 77-84. Edward Elgar

Keeping up with revolutions: Evolution of higher education in Uzbekistan (2010)
Journal Article
Majidov, T., Ghosh, D., & Ruziev, K. (2010). Keeping up with revolutions: Evolution of higher education in Uzbekistan. Economic Change and Restructuring, 43(1), 45-63. https://doi.org/10.1007/s10644-009-9077-5

Uzbekistan's higher education system has undergone some dramatic changes in the past century, evolving from largely traditional religious colleges to fully state-funded communist-atheist institutions. Since the end of the communist administration and... Read More about Keeping up with revolutions: Evolution of higher education in Uzbekistan.

Banking sector development in Uzbekistan: A case of mixed blessings? (2009)
Journal Article
Ruziev, K., & Ghosh, D. (2009). Banking sector development in Uzbekistan: A case of mixed blessings?. Problems of Economic Transition, 52(2), 3-41. https://doi.org/10.2753/PET1061-1991520201

Using grass-roots-level data, this article analyzes factors that contribute to the current backwardness of the Uzbek banking sector. The study attempts to show that despite considerable progress achieved in terms of modernizing payments systems, embr... Read More about Banking sector development in Uzbekistan: A case of mixed blessings?.

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.

SMEs access to formal finance in post-communist economies: Do institutional structure and political connectedness matter?
Working Paper
Do institutional structure and political connectedness matter?

In post-communist economies, a disproportionately greater share of formal finance is channelled to larger enterprises and SMEs lack appropriately-priced formal finance. This article examines whether institutional structure and interpersonal connected... Read More about SMEs access to formal finance in post-communist economies: Do institutional structure and political connectedness matter?.


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