Banking Reform In Russia: A Window Of Opportunity?
AbstractOnly 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.
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Bibliographic InfoPaper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 2003-601.
Length: 47 pages
Date of creation: 01 Aug 2003
Date of revision:
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Russia; banking reform; transition.;
Find related papers by JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-23 (All new papers)
- NEP-COM-2003-11-23 (Industrial Competition)
- NEP-EEC-2003-11-23 (European Economics)
- NEP-TRA-2003-11-23 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Enrico Perotti, 2001.
"Lessons from the Russian Meltdown: The Economics of Soft Legal Constraints,"
William Davidson Institute Working Papers Series
379, William Davidson Institute at the University of Michigan.
- Perotti, Enrico, 2002. "Lessons from the Russian Meltdown: The Economics of Soft Legal Constraints," International Finance, Wiley Blackwell, vol. 5(3), pages 359-99, Winter.
- 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.
- World Bank, 2002. "Building Trust : Developing the Russian Financial Sector," World Bank Publications, The World Bank, number 15225, October.
- 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.
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