| Fixing Russia's Banks: A Proposal for Growth Contributor(s): Bernstam, Michael S. (Author), Rabushka, Alvin (Joint Author), Bernstam, Mikhail S. (Author) |
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ISBN: 0817995773 ISBN-13: 9780817995775 Publisher: Hoover Institution Press OUR PRICE: $8.09 Product Type: Hardcover - Other Formats Published: July 1998 |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking - History | Russia & The Former Soviet Union |
| Dewey: 332.109 |
| Themes: - Cultural Region - Eastern Europe - Cultural Region - Russia |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |