Hostname: page-component-586b7cd67f-gb8f7 Total loading time: 0 Render date: 2024-11-28T02:29:29.722Z Has data issue: false hasContentIssue false

The Russian Financial System's Unsteady Transition

Published online by Cambridge University Press:  28 February 2024

Françoise Renversez*
Affiliation:
University of Paris-X Nanterre
Rights & Permissions [Opens in a new window]

Extract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

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.

Type
Research Article
Copyright
Copyright © ICPHS 2002

References

Agence financière pour la CEI (1993-2001), Le Courrier financier de Moscou, and Le Courrier économique et financier Russie CEI, nos. 105 to 407, 15 December 1993-30 January 2001.Google Scholar
Aglietta, M. & Sapir, J. (1995), La nature de l'inflation dans la transition en Russie et les politiques pour y faire face, Bulletin de la Banque de France, supplement Etudes, 2nd quarter.Google Scholar
Allen, F. & Gale, D. (1995), A welfare comparison of intermediaries and financial markets in Germany and the US, European Economic Review, no. 2, March.Google Scholar
Gale, D. (2000), Comparing Financial Systems (Cambridge, Mass./London, MIT Press).Google Scholar
Allen, F. & Santomero, M. (1998), The theory of financial intermediation, Journal of Banking & Finance, 21.Google Scholar
Bhattacharya, S. & Thakor, A.V. (1993), Contemporary banking theory, Journal of Financial Intermediation, 3.Google Scholar
Blanchard, O., Froot, K., Krugman, P., Layard, R. & Summers, L. (1991), Reform in Eastern Europe (Cambridge, Mass., MIT Press).Google Scholar
Boissieu, C. de & Renversez, F. (1990 & 1991), La question monétaire et bancaire en URSS, Economie et prospective internationale, no. 44, reprinted in Problèmes économiques, no. 220 (Paris, La Documentation française).Google Scholar
Bruno, M., di Tella, G., Dornbusch, R. & Fraser, S. eds. (1988), Inflation Stabilization: the Experience of Israel, Argentina, Brazil, Bolivia and Mexico (Cambridge, Mass., MIT Press), March.Google Scholar
Clément-Pitiot, H. & Scialom, L. (1995), Réformer l'intermédiation financière en Russie: les options, Revue économique, 2, March.Google Scholar
Dornbusch, R., Sturzenegger, F. & Wolf, H. (1990), Extreme Inflation Dynamics and Stabilization, Brookings Papers on Economic Activity (Brookings Institutions), 2.Google Scholar
Figuet, J.M. & Kauffmann, P. (1998), Systèmes interbancaires de paiement, effet de réseau et fonctionnement des économies monétaires, Revue d'économie politique, May-June.Google Scholar
Ivanter, V.V. & Sapir, J. eds. (1995), Monnaie et finance dans la transition en Russie: un dialogue franco-russe (Paris, Editions de la Maison des Sciences de l'Homme/L'Harmattan).Google Scholar
Khandrouev, A.A. (1995), La politique monétaire dans un contexte de forte inflation, Bulletin de la Banque de France, supplement Etudes, 2nd quarter.Google Scholar
Lacoue-Labarthe, D. (1993), L'organisation de systèmes bancaires sûrs et efficaces en Europe centrale et orientale, Cahiers économiques et monétaires de la Banque de France, no. 41.Google Scholar
Litviakov, M. (1995), Transformations du système financier dans la transition économique russe (University of Paris-X Nanterre), doctoral thesis in economics.Google Scholar
Poste d'expansion économique près de l'Ambassade de France à Moscou, Tableau de bord, nos. 1-25, 1 January 1995-25 January 1999.Google Scholar
Rajan, R. (1998), The past and future of commercial banking viewed through an incomplete contract lens, Journal of Money, Credit & Banking, 30, no. 3, August.CrossRefGoogle Scholar
Sachs, J. ed. (1990), Developing Country Debt and Economic Performance (Chicago, University of Chicago Press), 2 vols.Google Scholar
Sapir, J. (1999), A l'épreuve des faits. Bilan des politiques macroéconomiques mises en oeuvre en Russie, Revue d'études comparatives Est-Ouest, 30.Google Scholar
Schmidt, R.H., Hackethal, A. & Tyrell, M. (1999), Disintermediation and the role of banking in Europe, Journal of Financial Intermediation, no. 8.Google Scholar
Scialom, L. & Zlotowski, Y. (1994), Les fondements institutionnels de la crise monétaire russe, un éclairage théorique, Revue d'économie politique, September-October.Google Scholar
Walter, G. (1999), Le secteur bancaire russe avant et après la crise, Le Courrier des pays de l'Est (Paris, La Documentation Française), no. 437, February.Google Scholar
Zlotowski, Y. (1998), La monnaie dans la transition russe (University of Paris-X Nanterre), doctoral thesis in economics.Google Scholar