A fistful of rubles
Subtitle: the rise and fall of the Russian banking system
By: Juliet Johnson.
Publisher: Cornell University Press
Published: 2000
Place of publication: Ithaca
Language: eng
Number of pages: 244
Subjects: Banks and banking -- Russia (Federation); Finance -- Russia (Federation)
Description: "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."--BOOK JACKET.
Notes: Includes bibliographical references and index.
Table of contents: title: The politics of money; title: The political origins of Russia's banks; title: The Central Bank of Russia; title: Shock therapy meets Soviet bankers; title: For a few rubles more : banking in Russia's regions; title: Russia's financial-industrial "oligarchy"; title: The crash of 1998; title: The end of the beginning.