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The Russian Financial System's Unsteady Transition
Published online by Cambridge University Press: 28 February 2024
Extract
The financial crisis that began on 17 August 1998 confirmed any fears that we might have had as to the robustness of the Russian banking system and more generally its financial system. It also pointed up the organic link between the confidence essential to the working of the banking system and the State's ability to guarantee the legality of it. Although improvements have been seen since then, the fundamental issue remains.
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- Copyright © ICPHS 2002