Fixing Russia's banks: a proposal for growth
(2013)
Nonfiction
eBook
Details
PUBLISHED
[United States] : Hoover Institution Press : Made available through hoopla, 2013
DESCRIPTION
1 online resource
ISBN/ISSN
9780817995768 (electronic bk.) MWT11698978, 0817995765 (electronic bk.) 11698978
LANGUAGE
English
NOTES
Fixing Russia's Banks documents how Russia's financial system is built on what Michael S. Bernstam and Alvin Rabushka call ersatz banks. These inferior imitation banks have served largely as tools of the government to redistribute public funds to favored firms. The highly vaunted achievements of privatization, removal of price controls, and foreign trade liberalization have failed to produce growth because of a lack of private financing. National income has declined nearly 40 percent since 1992, with no recovery in sight
Mode of access: World Wide Web