Russian Banking

Author : Michael S. Bernstam,Alvin Rabushka
Publisher : Hoover Institution Press
Page : 118 pages
File Size : 52,6 Mb
Release : 2013-11-01
Category : Business & Economics
ISBN : 9780817995768

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Fixing Russia's Banks by Michael S. Bernstam,Alvin Rabushka Pdf

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.

Author : Juliet Johnson
Publisher : Cornell University Press
Page : 265 pages
File Size : 43,5 Mb
Release : 2018-09-05
Category : Political Science
ISBN : 9781501731310

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A Fistful of Rubles by Juliet Johnson Pdf

After the breakup of the USSR, it briefly appeared as though Russia's emerging commercial banks might act as engines of growth for a new capitalist economy. However, despite more than a decade of "reforms," Russia's financial system collapsed in 1998. Why had ambitious efforts to decentralize and liberalize the banking industry failed? In A Fistful of Rubles, Juliet Johnson offers the first comprehensive look at how Russia's banks, once expected to revitalize the nation's economy, instead became one of the largest obstacles to its recovery.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.

Author : Ruben Lamdany
Publisher : World Bank Publications
Page : 74 pages
File Size : 52,7 Mb
Release : 1993
Category : Business & Economics
ISBN : 0821327186

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Russia by Ruben Lamdany Pdf

Spanish edition (Experiencia de Asia Oriental). East Asian policies that fostered economic growth, reduced poverty, and raised living standards are the main theme of this cogent overview. Seven newly industrialized economies (NIEs) are described and compared. They are Hong Kong, Indonesia, Korea, Malaysia, Singapore, Taiwan, and Thailand. These country studies examine the macroeconomic policies common to NIEs. They review the highly flexible government interventions that succeeded in developing key industries and the more aggressive interventions that led to failure. The role foreign direct investment plays in producing dramatic growth is also discussed. Also available in English (ISBN 0-8213-2607-4) Stock No. 12607.

Author : David Lane
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 48,6 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105026001987

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Russian Banking by David Lane Pdf

'...required reading for all who are seriously interested in the modern Russian economy.' - Pekka Sutela, Slavic Review Russian Banking considers the rise of commercial market-oriented banks in Russia, their links with government and non-financial companies and their role as intermediaries in the provision of finance for investment. The contributors explore the legacy of the Soviet past and current functions of the Russian banking system, contrasting these with those in other post-communist societies and describing peculiarities such as informal networks and corruption. The book also discusses the economic and global aspects of Russia's reform, focusing on financial crises, foreign depositors to Russian banks and the implications for Russian foreign debt. This up-to-date and comprehensive account of commercial banking in modern Russia will appeal to those concerned with the economics of transition or comparative banking. Political scientists and sociologists with an interest in forms of capitalism and the roles of banks will also find the book to be a fascinating read.

Author : Michael Joseph Fuchs
Publisher : World Bank Publications
Page : 386 pages
File Size : 45,6 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 0821351613

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Building Trust by Michael Joseph Fuchs Pdf

Russia's economy has come a long way during its first ten years of transition to a market economy. This publication examines the progress made within the Russian financial sector to promote banking reforms in order to build trust in the stability of the marketplace. The problems and potential solutions identified will also be of relevance to the financial sector within other transition economies.

Author : Alan Robinson
Publisher : Unknown
Page : 198 pages
File Size : 50,9 Mb
Release : 1995
Category : Business & Economics
ISBN : UOM:39015038549906

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Russia and Its Banking System by Alan Robinson Pdf

Author : Mikhail Khlovenovich Lapidus
Publisher : Unknown
Page : 0 pages
File Size : 45,7 Mb
Release : 1997
Category : Bank capital
ISBN : 0964546426

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Understanding Russian Banking by Mikhail Khlovenovich Lapidus Pdf

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 50 pages
File Size : 44,7 Mb
Release : 2016-07-13
Category : Business & Economics
ISBN : 9781498363068

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Russian Federation by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses key findings of the Financial System Stability Assessment of Russian Federation. The Russian banking system is weak and likely to need additional capital. Even in the baseline scenario, certain banks will need new capital owing to low profitability and increasing credit losses. The required resources increase in the stress scenarios, but remain manageable. Bank regulation and supervision have greatly improved in recent years, but there is more to be done. Key areas for improvement include related party lending, country and transfer risks, operational risks, and supervisory interactions with external auditors. In addition, the implementation of risk-based supervision is also in progress.

Author : Martin P. Kühle
Publisher : diplom.de
Page : 85 pages
File Size : 43,8 Mb
Release : 1997-08-26
Category : Business & Economics
ISBN : 9783832403072

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Changes in the Russian Banking System by Martin P. Kühle Pdf

Inhaltsangabe:Abstract: This dissertation analyses the structural changes in the Russian banking system and gives insights into the current market situation. Starting with a review of theoretical aspects of banking in Western economies and the rationale for the existence of banks, the deficiencies of the former socialist banking system are exposed. A large section is dedicated to the special role of the banking system during the process of transition and to an evaluation of how far Russian banks rise to the challenges of these tasks. The historical process of reforming the central and commercial banking system is described, laying emphasis on the legislative changes and the means of supervision. The banking system in Russia has been dominated by rapid growth in the last three years due to high profit expectations. However, many banks granted credits to dubious industrial companies and now face a large amount of uncollectable assets in their credit portfolios. The analysis shows that with rising positive real interest rates and growing competition in the banking market, a large number of small and mediumsized banks will either have to admit bankruptcy or be acquired by expanding banks. The emerging interbank, bond and equity markets are illustrated with regard to the influence of banks. The deficiencies in settlement processes, liquidity, trading rules, and private and commercial law are examined. The next urgently required steps in the reform process are listed. The future progress of the Russian banking system however, is not only dependent on legal and structural changes in related financial and capital markets, but based on the critical assumption of peaceful, politically stable and socially balanced developments in Russia. Inhaltsverzeichnis:Table of Contents: AbstractIV 1.Introduction1 2.Theoretical Aspects of Banking 2.1Theory of Financial Intermidiation3 2.2Thr, Banking System in a Centrally Planned Economy7 2.3The Role of Banks in Russia's Transition to a Market Economy9 3.The Banking Refomis in Russia 3.1Russian Banking Legislation18 3.1.1The Independence of the Central Bank19 3.1.2The Commercial Banking Legislation23 3.2Russian Banking Supervision24 3.2.1The Licensing Process25 3.2.2Creditor Protection and Assessment of Reliability29 3.2.3Accounting and Audit33 4.The Financial Market Situation in Russia 4.1Russian Commercial Banks36 4.1.1The -Former Specialised Banks36 4.1.2The Ministerial Bank38 4.1.3Independent [...]

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 77 pages
File Size : 49,5 Mb
Release : 2011-09-27
Category : Business & Economics
ISBN : 9781463904203

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Russian Federation by International Monetary Fund Pdf

Even though the Russian authorities have maintained financial stability at the time of a major global shock, the financial system is still weak. The crisis has set back progress toward a strong, competitive banking system for the future. The recent unification of the supervision of nonbank financial institutions is an opportunity for strengthened oversight. A more structured corrective action regime and a unified administration regime for all banks, with broad powers for the administrator, would help strengthen the system further.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 36 pages
File Size : 40,6 Mb
Release : 2016-07-13
Category : Business & Economics
ISBN : 9781475524536

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Russian Federation by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper presents an assessment of the level of implementation of Basel Core Principles for Effective Banking Supervision in Russian Federation. The legal framework currently in place provides the Central Bank of the Russian Federation (CBR) with necessary powers and responsibilities. The Russian licensing regime for banks appears exhaustive. The legal and regulatory framework provides CBR with a set of instruments and tools to ensure that the licensing process is sound. CBR also has the power to review, reject, and impose prudential conditions on any proposals to transfer significant ownership or controlling interests held directly or indirectly in existing banks to other parties. However, the legal regime for major acquisitions in Russia is found to be weak.

Author : Robert Frederick Foster
Publisher : Good Press
Page : 41 pages
File Size : 54,8 Mb
Release : 2020-12-08
Category : Games & Activities
ISBN : EAN:4064066071561

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Foster's Russian bank by Robert Frederick Foster Pdf

"Foster's Russian bank" by Robert Frederick Foster. Published by Good Press. Good Press publishes a wide range of titles that encompasses every genre. From well-known classics & literary fiction and non-fiction to forgotten−or yet undiscovered gems−of world literature, we issue the books that need to be read. Each Good Press edition has been meticulously edited and formatted to boost readability for all e-readers and devices. Our goal is to produce eBooks that are user-friendly and accessible to everyone in a high-quality digital format.

Author : Gail Buyske
Publisher : Cornell University Press
Page : 246 pages
File Size : 47,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 0801445787

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Banking on Small Business by Gail Buyske Pdf

Buyske analyzes three themes in economic development: the global growth of microfinance, banking sector development, and Russian entrepreneurship.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 44 pages
File Size : 54,6 Mb
Release : 2011-11-29
Category : Business & Economics
ISBN : 9781463925901

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Russian Federation by International Monetary Fund Pdf

This technical note focuses on the stress testing exercise in 2010 for the financial sector assessment program based on the existing approaches of the Central Bank of Russia, as well as a separate bottom-up exercise. The tests covered broad ranges of risk factors. The single factor tests examined instantaneous impact of credit, concentration, market, liquidity, and interbank contagion risks. The results of the stress tests suggested that the Russian banking system is, on the whole, resilient to a variety of macroeconomic and financial shocks.

Author : Mr.David S. Hoelscher,Mr.Tomás J. T. Baliño,Mr.Jakob Horder
Publisher : International Monetary Fund
Page : 39 pages
File Size : 51,5 Mb
Release : 1997-12-01
Category : Business & Economics
ISBN : 9781451859072

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Evolution of Monetary Policy Instruments in Russia by Mr.David S. Hoelscher,Mr.Tomás J. T. Baliño,Mr.Jakob Horder Pdf

This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation (CBR) to the budget, to enterprises, and to other republics in the ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary policy implementation