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Banking Reform In Russia: A Window Of Opportunity?

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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. The paper 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: A Window Of Opportunity?," William Davidson Institute Working Papers Series 2003-601, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:2003-601
    as

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    File URL: http://deepblue.lib.umich.edu/bitstream/2027.42/39987/3/wp601.pdf
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    References listed on IDEAS

    as
    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. William Tompson, 2000. "Financial Backwardness in Contemporary Perspective: Prospects for the Development of Financial Intermediation in Russia," Europe-Asia Studies, Taylor & Francis Journals, vol. 52(4), pages 605-625.
    5. 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.
    6. 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. Claeys, Sophie, 2005. "Optimal regulatory design for the Central Bank of Russia," BOFIT Discussion Papers 7/2005, Bank of Finland, Institute for Economies in Transition.
    2. Claeys, Sophie, 2005. "Optimal regulatory design for the Central Bank of Russia," BOFIT Discussion Papers 7/2005, Bank of Finland Institute for Emerging Economies (BOFIT).
    3. repec:zbw:bofitp:2005_007 is not listed on IDEAS

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    More about this item

    Keywords

    Russia; banking reform; transition.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

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    This paper has been announced in the following NEP Reports:

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