BANKING REFORM IN RUSSIA: A WINDOW OF OPPORTUNITY?

Abdur Chowdhury ()

William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan Stephen M. Ross Business School

Abstract: Only a successful implementation of an overall reform program will enable Russian banks to provide financial intermediation and assist in the country's development from a nascent market economy to a mature financial system. The chances for reform are better now than at any time during the last decade. Favorable political and economic conditions and a change in attitude among bank management have created an unusual window of opportunity. The paper analyzes the past performance of the Russian banking industry, evaluates the reform agenda of the monetary authority, and argues for an overall reform program in order to seize the available opportunity.

Keywords: Russia; banking reform; transition. (search for similar items in EconPapers)
JEL-codes: G2 P3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-eec and nep-tra
Date: 2003-08-01
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Persistent link: http://EconPapers.repec.org/RePEc:wdi:papers:2003-601

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