A fistful of rubles
the rise and fall of the Russian banking system
by Juliet Ellen Johnson
"Drawing on interviews with Russian bankers, policymakers, and entrepreneurs, Johnson traces the evolution of the banking system from 1987 through the aftermath of the 1998 crash. She describes how dysfunctional institutional procedures left over from the Soviet period hindered the subsequent development of sound financial practices.
Johnson argues that these legacies, along with misguided, Western-inspired liberalization policies, led to the creation of parasitic banks for which success depended on political connections rather than on investment strategies.".
"Johnson demonstrates that banking reform efforts ultimately did more harm than good, because Russian officials and their international advisers failed to build the corresponding economic, legal, and political institutions upon which modern market behavior depends."--BOOK JACKET.
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Banks and banking, Finance, Economic historyPlaces
Russia (Federation)| Edition | Availability |
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A fistful of rubles: the rise and fall of the Russian banking system
2000, Cornell University Press
in English
080143744X 9780801437441
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Includes bibliographical references and index.
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