Fixing Russia's banks: a proposal for growth
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Bibliographic Details
Main Author: Bernstam, Mikhail S. (Author)
Format: Electronic eBook
Language:English
Published: Stanford, Calif. Hoover Institution Press [1998]
Subjects:
Online Access:Volltext
Item Description:Includes bibliographical references and index
Fixing Russia's Banks documents how Russia's financial system is built on what Michael S. Bernstam and Alvin Rabushka call ersatz banks. These inferior imitation banks have served largely as tools of the government to redistribute public funds to favored firms. The highly vaunted achievements of privatization, removal of price controls, and foreign trade liberalization have failed to produce growth because of a lack of private financing. National income has declined nearly 40 percent since 1992, with no recovery in sight
Physical Description:1 Online-Ressource (114 pages)
ISBN:9780817995782
0817995781
9780817995768
0817995765
0817995722
9780817995720

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