Fixing Russia's Banks

Alvin Rabushka, Michael S. Bernstam

ISBN 10: 0817995722 / ISBN 13: 9780817995720

Published by Hoover Institution Press,U.S., US, 1998

About this Item

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.

Seller Inventory # LU-9780817995720

Bibliographic Details

• Title: Fixing Russia's Banks
• Publisher: Hoover Institution Press,U.S., US
• Publication Date: 1998
• Language: English
• ISBN 10: 0817995722
• ISBN 13: 9780817995720
• Binding: Paperback
• Condition: New
• Weight: 200 grams

About this title

Synopsis

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.

About the Author

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 and abroad, economic development in the Pacific Rim countries, and the transition economies of Central and Eastern Europe, notably Russia.