A Fistful of Rubles: The Rise and Fall of the Russian Banking System - Couverture rigide

Johnson, Juliet

 
9780801437441: A Fistful of Rubles: The Rise and Fall of the Russian Banking System
Couverture rigide
ISBN 10 : 080143744X ISBN 13 : 9780801437441
Editeur : Cornell University Press, 2000

Synopsis

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.

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À propos de l?auteur

Juliet Johnson is Professor of Political Science at McGill University. She is the author of Priests of Prosperity, also from Cornell, and former editor of the Review of International Political Economy (2007-2014).

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cornell University Press
Date d'édition
2000
Langue
anglais
ISBN 10 
080143744X
ISBN 13 
9780801437441
Reliure
Relié
Nombre de pages
272
Coordonnées du fabricant
non disponible
Personne responsable
non disponible