An edition of Fixing Russia's banks (1998)

Fixing Russia's Banks

A Proposal for Growth

Fixing Russia's Banks
Alvin Rabushka, Michael S. Ber ...
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Last edited by ImportBot
December 25, 2021 | History
An edition of Fixing Russia's banks (1998)

Fixing Russia's Banks

A Proposal for Growth

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. Failing to fix Russia's banks risks further economic stagnation or decline and financial catastrophe. Bernstam and Rabushka's bold, intriguing, provocative proposal - resting on an elaborate strategy of debt-for-equity swaps - would fix the banks, reduce government debt, strengthen the independence of the Central Bank, and lay a solid foundation for sustained economic growth.

Publish Date
Language
English

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Previews available in: English

Edition Availability
Cover of: Fixing Russia's Banks
Fixing Russia's Banks: A Proposal for Growth
1998, Hoover Institution Press
in English
Cover of: Fixing Russia's Banks
Fixing Russia's Banks: A Proposal For Growth
1998, Hoover Institution Press
Paperback in English - 1st edition
Cover of: Fixing Russia's Banks
Fixing Russia's Banks: A Proposal for Growth
1998, Hoover Institution Press
in English
Cover of: Fixing Russia's Banks
Fixing Russia's Banks: A Proposal for Growth
1998, Hoover Institution Press
in English
Cover of: Fixing Russia's Banks
Fixing Russia's Banks: A Proposal for Growth
1998, Hoover Institution Press
in English

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Book Details


The Physical Object

Pagination
118

Edition Identifiers

Open Library
OL35803449M
ISBN 13
9781306193511

Work Identifiers

Work ID
OL19697956W

Source records

Better World Books record

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December 25, 2021 Created by ImportBot Imported from Better World Books record