Fixing Russia's Banks: A Proposal For Growth
Mikhail Bernstam
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Description for Fixing Russia's Banks: A Proposal For Growth
Paperback. Num Pages: 114 pages, Illustrations. BIC Classification: 1DVUA; KCB; KFFK. Category: (P) Professional & Scholarly; (UP) Postgraduate; (UU) Undergraduate. Dimension: 229 x 152 x 10. Weight in Grams: 204.
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.
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.
Product Details
Format
Paperback
Publication date
1998
Publisher
Hoover Institution Press
Condition
New
Number of Pages
114
Place of Publication
Stanford, United States
ISBN
9780817995720
SKU
V9780817995720
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Mikhail Bernstam
Michael S. Bernstam, a research fellow at the Hoover Institution, Stanford University, is an economic demographer who studies economic systems in their relationship with income, population, financial development, natural resources, the environment, conflict, and other social change. Alvin Rabushka, the David and Joan Traitel Senior Fellow at the Hoover Institution, works in the public policy areas of taxation in the United States ... Read more
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