Banking Reform In Russia: A Window Of Opportunity?
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.
|Date of creation:||01 Aug 2003|
|Date of revision:|
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- 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.
- World Bank, 2002. "Building Trust : Developing the Russian Financial Sector," World Bank Publications, The World Bank, number 15225, April.
- 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.
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