A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
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.
A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Analysis of Russia’s flawed banking system and recovery hurdles.
Who is this book for?
If you're interested in economic reform or Russia's financial challenges, this book offers a detailed look into how banking structures can hinder national growth. It provides insight into political and economic dynamics that have shaped post-Soviet Russia, making it a compelling read for those keen on understanding the complexities of economic development.
