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New banks in the Former Soviet Union : how do they operate? (Английский)

There has been rapid development of new banks in the Former Soviet Union, but the precise nature of these banks remain unclear. Based on interviews with banks in Kiev, capital of Ukraine, conducted primarily during summer 1991, the authors show these banks remain closely connected to state enterprises and the more successful banks have strong links to ministries. They also point out that while these banks operate using unusual contractual forms, most...
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