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Banking reform in russia: winds of change?

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  • Abdur Chowdhury

Abstract

Only a successful implementation of an overall reform program will enable Russian banks to provide financial intermediation and assist in the country's development from a nascent market economy to a mature financial system. The chances for reform are better now than at any time during the last decade. Favorable political and economic conditions and a change in attitude among bank management have created an unusual window of opportunity. This article analyzes the past performance of the Russian banking industry, evaluates the reform agenda of the monetary authority, and argues for an overall reform program in order to seize the available opportunity.

Suggested Citation

  • Abdur Chowdhury, 2003. "Banking reform in russia: winds of change?," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 6(2), pages 89-103.
    • Handle: RePEc:taf:jpolrf:v:6:y:2003:i:2:p:89-103
    DOI: 10.1080/1384128032000145314
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    References listed on IDEAS

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    1. Enrico Perotti, 2002. "Lessons from the Russian Meltdown: The Economics of Soft Legal Constraints," International Finance, Wiley Blackwell, vol. 5(3), pages 359-399, November.
    2. Ulrich Thießen, 2000. "Banking Crises in Transition Countries - Theory and Empirical Evidence: The Case of Russia," Discussion Papers of DIW Berlin 193, DIW Berlin, German Institute for Economic Research.
    3. William Tompson, 2002. "The Present and Future of Banking Reform," Chapters, in: David Lane (ed.), Russian Banking, chapter 3, Edward Elgar Publishing.
    4. Perotti, Enrico, 2002. "Lessons from the Russian Meltdown: The Economics of Soft Legal Constraints," International Finance, Wiley Blackwell, vol. 5(3), pages 359-399, Winter.
    5. World Bank, 2002. "Building Trust : Developing the Russian Financial Sector," World Bank Publications - Books, The World Bank Group, number 15225, December.
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    Cited by:

    1. Stephan Barisitz, 2004. "Distorted Incentives Fading?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 122-152.
    2. Hartwell, Christopher A. & Korovkin, Vladimir, 2021. "Contracting in a void: The role of the banking sector in developing property rights in Russia," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 113-127.
    3. Havrylchyk, Olena, 2004. "Rapid loan growth in Russia : A lending boom or a permanent financial deepening?," MPRA Paper 20997, University Library of Munich, Germany.

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