Russian Banking in Transition: Survey and Synthesis
Credit, Currency, or Derivatives: Instruments of Global Financial Stability Or crisis?
ISBN: 978-1-84950-601-4, eISBN: 978-1-84950-602-1
Publication date: 9 November 2009
Abstract
The development of the Russian banking sector was subject to numerous criticisms and pessimistic forecasts in the recent years. The observers pointed out the low ability of the Russian banking sector to provide financial intermediation in the economy and thus to perform the key functions which society expects from the banking sector – mobilization of savings and financing investments in the real sector of the economy. The study seeks to explain above-mentioned features from institutional, economic, and political perspective on the basis of the existing knowledge of the nature of transition banking.
Citation
Sherstnev, M.A. (2009), "Russian Banking in Transition: Survey and Synthesis", Choi, J.J. and Papaioannou, M.G. (Ed.) Credit, Currency, or Derivatives: Instruments of Global Financial Stability Or crisis? (International Finance Review, Vol. 10), Emerald Group Publishing Limited, Leeds, pp. 215-262. https://doi.org/10.1108/S1569-3767(2009)0000010011
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited