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Exit strategies from the banking crisis: international experience

Author

Listed:
  • Yudaeva, Ksenia

    (Sberbank of Russia)

  • Godunova, Maria

    (Sberbank of Russia)

  • Kozlov, Konstantin

    (Sberbank of Russia)

  • Ivanova, Nadezhda

    (Sberbank of Russia)

Abstract

Banking crises - not uncommon in economic history. Only in the last thirty years, they have been reported more than a hundred. The crisis is usually preceded by a period of rapid growth in bank lending due to financial liberalization and the emergence of financial innovations. Often this period, accompanied by the development of speculative bubbles, especially in real estate and construction. Finally, crises often occur in countries with fixed exchange rates and experienced in the pre-crisis period of significant capital inflows. During the crisis, speculative bubbles are blown away, there is a sharp devaluation of the national currency, falling volumes of real GDP (on average by 6.3% considered in the review of a group of countries), reduced lending volumes compared to the size of GDP.

Suggested Citation

  • Yudaeva, Ksenia & Godunova, Maria & Kozlov, Konstantin & Ivanova, Nadezhda, 2009. "Exit strategies from the banking crisis: international experience," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 98-149, June.
    • Handle: RePEc:rnp:ecopol:09310
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    References listed on IDEAS

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