The Russian government has prepared a package of measures intended to maintain stability of the country's financial system. This article discusses the state measures and formulates the propositions of Russian Union of Industrialists and Entrepreneurs. The most important ones include coordination of regulators, unsecured refinancing and refinancing of external debts, guarantees of interbank loans, and budget deposits in banks. The author analyzes subordinated loans for Russian banks from the state budget, the nationalization of several banks, and future government intervention in the stock market. Special attention is devoted to deposit insurance, the development of a national credit rating system, and official information policy.
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Volume (Year): 51 (2009) Issue (Month): 9 (January) Pages: 68-83 Download reference. The following formats are available: HTML
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