A Fistful of Rubles: The Rise and Fall of the Russian Banking System
After the breakup of the USSR, it briefly appeared as though Russia's emerging commercial banks might act as engines of growth for a new capitalist economy. However, despite more than a decade of "reforms," Russia's financial system collapsed in 1998. Why had ambitious efforts to...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Ithaca, NY
Cornell University Press
[2018]
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Schlagworte: | |
Online-Zugang: | FAW01 FHA01 FKE01 FLA01 UPA01 UBG01 FAB01 FCO01 URL des Erstveröffentlichers |
Zusammenfassung: | After the breakup of the USSR, it briefly appeared as though Russia's emerging commercial banks might act as engines of growth for a new capitalist economy. However, despite more than a decade of "reforms," Russia's financial system collapsed in 1998. Why had ambitious efforts to decentralize and liberalize the banking industry failed? In A Fistful of Rubles, Juliet Johnson offers the first comprehensive look at how Russia's banks, once expected to revitalize the nation's economy, instead became one of the largest obstacles to its recovery.Drawing on interviews with Russian bankers, policymakers, and entrepreneurs, Johnson traces the evolution of the banking system from 1987 through the aftermath of the 1998 crash. She describes how dysfunctional institutional procedures left over from the Soviet period hindered the subsequent development of sound financial practices. Johnson argues that these legacies, along with misguided, Western-inspired liberalization policies, led to the creation of parasitic banks for which success depended on political connections rather than on investment strategies. Johnson demonstrates that banking reform efforts ultimately did more harm than good, because Russian officials and their international advisers failed to build the corresponding economic, legal, and political institutions upon which modern market behavior depends |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Apr 2019) |
Beschreibung: | 1 online resource 2 maps, 23 tables |
ISBN: | 9781501731310 |
DOI: | 10.7591/9781501731310 |
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Datensatz im Suchindex
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any_adam_object | |
author | Johnson, Juliet |
author_facet | Johnson, Juliet |
author_role | aut |
author_sort | Johnson, Juliet |
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isbn | 9781501731310 |
language | English |
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spelling | Johnson, Juliet Verfasser aut A Fistful of Rubles The Rise and Fall of the Russian Banking System Juliet Johnson Ithaca, NY Cornell University Press [2018] © 2000 1 online resource 2 maps, 23 tables txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Apr 2019) After the breakup of the USSR, it briefly appeared as though Russia's emerging commercial banks might act as engines of growth for a new capitalist economy. However, despite more than a decade of "reforms," Russia's financial system collapsed in 1998. Why had ambitious efforts to decentralize and liberalize the banking industry failed? In A Fistful of Rubles, Juliet Johnson offers the first comprehensive look at how Russia's banks, once expected to revitalize the nation's economy, instead became one of the largest obstacles to its recovery.Drawing on interviews with Russian bankers, policymakers, and entrepreneurs, Johnson traces the evolution of the banking system from 1987 through the aftermath of the 1998 crash. She describes how dysfunctional institutional procedures left over from the Soviet period hindered the subsequent development of sound financial practices. Johnson argues that these legacies, along with misguided, Western-inspired liberalization policies, led to the creation of parasitic banks for which success depended on political connections rather than on investment strategies. Johnson demonstrates that banking reform efforts ultimately did more harm than good, because Russian officials and their international advisers failed to build the corresponding economic, legal, and political institutions upon which modern market behavior depends In English Geschichte 1987-1998 gnd rswk-swf POLITICAL SCIENCE / Political Economy bisacsh Banks and banking Russia (Federation) Finance Russia (Federation) Kreditwesen (DE-588)4032950-1 gnd rswk-swf Russland (DE-588)4076899-5 gnd rswk-swf Russland (DE-588)4076899-5 g Kreditwesen (DE-588)4032950-1 s Geschichte 1987-1998 z 1\p DE-604 https://doi.org/10.7591/9781501731310 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Johnson, Juliet A Fistful of Rubles The Rise and Fall of the Russian Banking System POLITICAL SCIENCE / Political Economy bisacsh Banks and banking Russia (Federation) Finance Russia (Federation) Kreditwesen (DE-588)4032950-1 gnd |
subject_GND | (DE-588)4032950-1 (DE-588)4076899-5 |
title | A Fistful of Rubles The Rise and Fall of the Russian Banking System |
title_auth | A Fistful of Rubles The Rise and Fall of the Russian Banking System |
title_exact_search | A Fistful of Rubles The Rise and Fall of the Russian Banking System |
title_full | A Fistful of Rubles The Rise and Fall of the Russian Banking System Juliet Johnson |
title_fullStr | A Fistful of Rubles The Rise and Fall of the Russian Banking System Juliet Johnson |
title_full_unstemmed | A Fistful of Rubles The Rise and Fall of the Russian Banking System Juliet Johnson |
title_short | A Fistful of Rubles |
title_sort | a fistful of rubles the rise and fall of the russian banking system |
title_sub | The Rise and Fall of the Russian Banking System |
topic | POLITICAL SCIENCE / Political Economy bisacsh Banks and banking Russia (Federation) Finance Russia (Federation) Kreditwesen (DE-588)4032950-1 gnd |
topic_facet | POLITICAL SCIENCE / Political Economy Banks and banking Russia (Federation) Finance Russia (Federation) Kreditwesen Russland |
url | https://doi.org/10.7591/9781501731310 |
work_keys_str_mv | AT johnsonjuliet afistfulofrublestheriseandfalloftherussianbankingsystem |