Description
“Russian Banking” considers the rise of commercial market oriented banks in Russia, their links with government and non-financial companies and their role as intermediaries in the provision of finance for investment. The contributors explore the legacy of the soviet past and current functions of the Russian banking system, contrasting these with those in other post-communist societies and describing peculiarities such as informal networks and corruption. The book also discusses the economic and global aspects of Russia’s reform, focussing on financial crises, foreign depositors to Russian banks and the implications for Russian foreign debt. This up-to-date and comprehensive account of commercial banking in modern Russia should appeal to those concerned with the economics of transition, or comparative banking. Political scientists and sociologists with an interest in forms of capitalism and the roles of banks should also find the book to be a fascinating read.
