Russian Currency And Finance

Author : Steve H. Hanke,Lars Jonung,Kurt Schuler
Publisher : Routledge
Page : 260 pages
File Size : 40,9 Mb
Release : 2005-08-18
Category : Business & Economics
ISBN : 9781134863693

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Russian Currency and Finance by Steve H. Hanke,Lars Jonung,Kurt Schuler Pdf

As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.

Author : Steve H. Hanke
Publisher : Unknown
Page : 222 pages
File Size : 54,5 Mb
Release : 1993
Category : Currency question
ISBN : OCLC:300389824

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Russian Currency and Finance by Steve H. Hanke Pdf

Author : Alexander Elder
Publisher : Prentice Hall Press
Page : 296 pages
File Size : 54,6 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105023069540

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Rubles to Dollars by Alexander Elder Pdf

Combining an insider's knowledge with his unique Wall Street perspective, Elder provides a road map to Russia's exciting new investment frontier.

Author : Zakhariĭ Solomonovich Kat︠s︡enelenbaum
Publisher : London : P.S. King & son., Limited
Page : 220 pages
File Size : 53,9 Mb
Release : 1925
Category : Banks and banking
ISBN : UOM:39015020847979

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Russian Currency and Banking, 1914-1924 by Zakhariĭ Solomonovich Kat︠s︡enelenbaum Pdf

Author : Egor Timurovich Gaĭdar,Karl Otto Pöhl
Publisher : MIT Press
Page : 172 pages
File Size : 47,9 Mb
Release : 1995
Category : Business & Economics
ISBN : 0262071657

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Russian Reform/International Money by Egor Timurovich Gaĭdar,Karl Otto Pöhl Pdf

These lectures by Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Departing from tradition, both Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the vast economic changes spreading across Europe--economic reform in the East and growing economic integration in the West. Gaidar helped launch Russian economic reforms in 1992; Pöhl fought the hyperinflation in Europe of the 1970s and 1980s and laid the groundwork for monetary stability in Western Europe. These lectures provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Gaidar reviews the events that led up to the August coup in Russia to argue that gradualism was not a viable approach to economic reform. He describes the conditions and dilemmas of the time, observing that reform in Russia is as much a political puzzle as it is an economic challenge. He outlines the successes and present dangers and concludes with an optimistic assessment of Russia's prospects for reform. Pöhl provides an insider's view of the efforts of the Group of Seven industrialized nations to stabilize exchange rates from the 1970s on. He describes the tension in one country between the goals of price stability and exchange rate stability. This leads to a discussion of how monetary union was proposed in Europe and why the movement has hit snags. An appendix provides more details on the objectives and proposed structure of European monetary integration. Lionel Robbins Lectures

Author : Mikhail V. Khodjakov
Publisher : Cambridge Scholars Publishing
Page : 265 pages
File Size : 43,6 Mb
Release : 2014-11-19
Category : History
ISBN : 9781443871471

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Money of the Russian Revolution by Mikhail V. Khodjakov Pdf

During the Russian Revolution and the ensuing Civil War, more than twenty thousand kinds of banknotes were used throughout the vast expanse of the former Russian Empire. At that time, money was issued not only by the official authorities, such as the Imperial Government, the Provisional Government, and, later, the Bolshevik Government, but also by Generals Denikin, Wrangel, and Yudenich, Admiral Kolchak, Atamans Semyonov and Petliura, Hetman Skoropadskyi, and many other great and small rulers of Russia. Russian money was manufactured in Great Britain, Germany, Sweden, and the United States. To some degree, money served as a manifesto of the issuing government, reflected in the various symbols depicted on the banknotes. Using new archival data, this book expands and, in a number of cases, revises the well-established view of the daily life of people during the Revolution, and dispels the settled myth about how the natural economy prevailed in the years of the Russian Civil War. The book presents unique illustrations taken from the author’s private collection: the “Romanov” banknotes; postage stamps used as currency; “Duma” money; and 1917 banknotes known as “kerenkies”, “morzhovkies”, “tchaikovkies”, “Northern rubles”, “krylatkies”, “rodzyankies”, “the Don rubles”, and “kolchakovkies”. Some of these banknote designs were made by well-known Russian artists, such as Ivan Bilibin, Sergey Chekhonin, and Georgy Narbut. The book is addressed to historians, economists, and all readers interested in Russian history and economy.

Author : Hassan Malik
Publisher : Princeton University Press
Page : 317 pages
File Size : 50,7 Mb
Release : 2020-05-26
Category : Business & Economics
ISBN : 9780691202228

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Bankers and Bolsheviks by Hassan Malik Pdf

A must-read financial history for investors navigating today's volatile global markets Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the largest sovereign default in history. In Bankers and Bolsheviks, Hassan Malik tells the story of this boom and bust, chronicling the experiences of leading financiers of the day as they navigated one of the most lucrative yet challenging markets of the first modern age of globalization. He reveals how a complex web of factors—from government interventions to competitive dynamics and cultural influences—drove a large inflow of capital during this tumultuous period. This gripping book demonstrates how the realms of finance and politics—of bankers and Bolsheviks—grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.

Author : Ekaterina Anatolʹevna Pravilova
Publisher : Unknown
Page : 0 pages
File Size : 45,9 Mb
Release : 2023
Category : Monetary policy
ISBN : 0197663729

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The Ruble by Ekaterina Anatolʹevna Pravilova Pdf

"The Ruble is a political history of Russian money from Catherine the Great to Vladimir Lenin. It traces the evolution of the Russian state and society through the analysis of monetary reforms. The Ruble argues that currency constituted an important element of Russian political organization - first, autocratic, and then socialist, while monetary reforms were considered as the means of enabling or preventing political transformations. The Ruble shows how politics affected finance and explains why Russia's financial system remained unstable for many decades. Russian imperial government considered certain financial models, such as the independence of the bank of issue, to be incompatible with the principles of autocratic monarchy. The ruble represented a projection of monarchal power and a tool of imperial expansion. Russian government used emission to finance imperial wars and prioritized geopolitical successes over economic development. Russia was the last European empire to join the gold standard system, and the gold ruble differed from other gold-based currencies of the world. The Ruble analyzes the phenomena of the "autocratic" and "Soviet" gold standards and argues that the gold-based ruble differed from other currencies of the gold-standard system. Despite the preponderance of the conservative trend in monetary policy, Russian economists, liberal politicians and intellectuals argued for a radical reform of Russian money and wanted to liberate the ruble from the tutelage of the state. From Catherine the Great's reform until the 1920s, the ruble remained an object of many political programs, utopian projects, and economic ideologies"--

Author : Lawrence Philip McGrath
Publisher : Unknown
Page : 288 pages
File Size : 46,7 Mb
Release : 1930
Category : Currency question
ISBN : STANFORD:36105082897799

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Currency and Exchange in Soviet Russia by Lawrence Philip McGrath Pdf

Author : Brigitte Granville
Publisher : Unknown
Page : 56 pages
File Size : 51,8 Mb
Release : 1992
Category : Currency question
ISBN : UIUC:30112047198665

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Price and Currency Reform in Russia and the CIS by Brigitte Granville Pdf

Author : David Lane
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 41,6 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 : Howard Percy Kennard,Netta Peacock
Publisher : Unknown
Page : 654 pages
File Size : 44,8 Mb
Release : 1915
Category : Russia
ISBN : PRNC:32101065322461

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The Russian Year-book by Howard Percy Kennard,Netta Peacock Pdf

Author : Dolgor Solongo,Global Programme against Money-Laundering
Publisher : Global Programme against Money Laundering
Page : 36 pages
File Size : 40,8 Mb
Release : 2001
Category : Business & Economics
ISBN : UOM:39015052441733

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Russian Capitalism and Money-laundering by Dolgor Solongo,Global Programme against Money-Laundering Pdf

Although no accurate figure exist to indicate the overall level of money laundering in the Russian Federation, it is estimated that between 1992 -1997, $133 billion of money laundered capital left the country. This paper examines the economic reforms that fostered this criminal activity and looks at efforts to counter the problem.

Author : Anna Dorbec
Publisher : Unknown
Page : 43 pages
File Size : 43,7 Mb
Release : 2007
Category : Electronic
ISBN : OCLC:1290318551

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Choice of the Substitution Currency in Russia by Anna Dorbec Pdf

The analysis of external economic relations of Russia reveals a paradox: while Europe is the main trade and direct investment partner of Russia, this is far from being the case concerning its currency's role in Russia's financial activities. The dollar is much preferred by economic agents for financial operations. This paper proposes a disaggregated approach to this issue by separating the 'means of exchange' and 'store of value' components of the use of substitution currencies. The influence of three main factors (inertial component, real trade relations and exchange rate fluctuations) on the relative demand for the euro by Russian economic agents is tested for the period 1999-2004. Finally we suggest a theoretical interpretation of the results based on the conventions theory approach.

Author : Paul J. J. Welfens
Publisher : Springer Science & Business Media
Page : 544 pages
File Size : 50,9 Mb
Release : 2000
Category : Business & Economics
ISBN : UCSC:32106012550270

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Restructuring, Stabilizing and Modernizing the New Russia by Paul J. J. Welfens Pdf

P.J.J. Welfens, Y. Gavrilenkov: Introduction.- The Russian Transformation Crisis: P.J.J. Welfens: Efficient External Liberalization in Russian Transformation.- Introduction.- Traditional and New Approaches for External Liberalization.- Policy Conclusions for Russia.- T. Komulainen: Currency Crisis Theories - Some Expanations for the Russian Case.- Introduction.- Currency Crisis Theories.- Conclusion.- R. Wiegert: Banking Sector and Financial Intermediation in the Russian Transformation Process.- Systemic Transformation, Growth Requirements and Financial Stability.- The Role of the Banking Sector.- Consequences for the Russian Banking Sector.- R. Grinberg: Institutional Failures of Market Transformation of the Russian Economy.- Introduction.- Examples of Institutional Failures in the Reform Policy in Russia.- The West in the Trap of Self-deception.- Russia Between Old and New Institutions.- The Reform of Institutional Basis of Economic Policy in Russia.- V. Gligorov, N. Sundstrom: Russian Crisis: Causes, Developments, Contagion and Prospects.- Introduction.- Constitution and Transformation.- Budgets, Markets and Banks.- Policy Responses and Mistakes.- The Collapse and Contagion.- Russian Prospects.- Conclusion.- Restructuring in Transition Economies: R. Döhrn: Foreign Direct Investment in Russia: An Engine of Structural Adjustment?.- Statistical Background.- Determinants of FDI and Projections for Russia.- FDI, Capital Formation, and Structural Change.- Conclusions.- G. Serebryakov: Russian Economy: Structural Change and Econometric Prospective.- Aggregate Econometric Macro Model for Russian Economy.- RIM - Russian Inter-industry Model.- Modeling and Some Specific Features of Russian Economy.- Economic Growth and Structural Change in 1990 - 1997.- Issues on Laborand Capital Costs Analysis.- Some Issues in Current Economic Development and Perspective Model Simulations.- Z. Ludvig: Economic Opening-Up, Policy Reforms and Relations with International Organizations: A Parallel between Hungary and Russia - Some Major Differences and Similarities.- Economic Opening-up and the Role of Foreign Trade Liberalization.- Relationship with International Organizations.- Stabilizing Russia: E. Gavrilenkov: Introduction.- The Impact of Monetary Policy on Macroeconomic Performance in Present Russia and Some Political Economy Issues.- The Conduct of Monetary Policy in Russia in the Context of International Experience and Conducting of Monetary Policy with Different Regimes.- Monetary Policy, Liquidiy Problems and Foreign Debt Service.- M. Vogelsang: Russian Capital Markets and International Financial Flows.- Introduction.- Some Questions on Recent Financial Crises.- The Model.- Capital Markets and Economy`s Wealth.- Exit Tax.- Some Remarks on Tax and Other Capital Controls.- Conclusion.- C. Faber, H. Strohe: Consumer Prices in Russia and Transforming Official Statistics.- Preface.- Some Short Methodological Notes Concerning the Russian CPI.- The Development of Russian CPI within the 90s.- A Comparison of CPI Development with other Economic Indicators.- Problems Concerning the Statistics of Consumer Prices.- Recommendations.- F. Bohn: The Rationale for Seigniorage in Russia - A Model-Theoretic Approach.- Introduction.- Economic and Political Model Components.- A Formal Intertemporal Model.- Conclusion and Outlook.- U. Thießen: Overcoming the Russian Banking Crisis: Theory, Some Empirical Findings and Policy Options.- Introduction.- Background of the Banking Crisis, Economic Costs, and Approach of the Authorities.- Modern Theoretical Findings of the Workings of Financial Markets and