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The aftermath of the crisis. An overhaul of Ukraine’s banking sector. OSW Studies 67, August 2017

Sadowski, Rafal (2017) The aftermath of the crisis. An overhaul of Ukraine’s banking sector. OSW Studies 67, August 2017. UNSPECIFIED.

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    Abstract

    In 2014–2016, Ukraine’s banking sector was affected by what has proven to be the most serious crisis in its modern history. Almost half of the banks went bankrupt and the losses incurred by the state and banking sector clients was in excess of US$ 20 billion. With considerable support and under major pressure from the West, Ukraine’s government has managed to stabilise the situation in the sector. Despite tangible improvement, it is too early to determine whether the reform programme has been successfully implemented and if the improvement is sustainable. The crisis has made it necessary for major changes to be implemented in the functioning and structure of the banking sector. These changes have far-reaching consequences not only for Ukraine’s economy, but also for its political system.

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    Item Type: Other
    Subjects for non-EU documents: Countries > Ukraine
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for Eastern Studies (OSW) > OSW Studies
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 11 Aug 2017 14:01
    Number of Pages: 32
    Last Modified: 11 Aug 2017 14:01
    URI: http://aei.pitt.edu/id/eprint/88536

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