Titlebook: Restructuring, Stabilizing and Modernizing the New Russia; Economic and Institu Paul J. J. Welfens,Evgeny Gavrilenkov Book 2000 Springer-Ve

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Overcoming the Russian Banking Crisis: Theory, Some Empirical Findings and Policy Optionstrong adverse shock such as a considerable recession, and despite extensive prudential oversight. They triggered substantial and in some cases also very costly (in terms of taxpayers money) government interventions. Hence, even in the most developed countries achieving sustained smooth and efficient

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Institutions and Transition: On the Way to a Market Economy — Theory and Application to Russiat economy therefore will not only need a framework which stimulates efficient production - including innovation activities - but also an institutional framework which stimulates savings, investment and reinvestment in real capital and human capital. The whole set of institutions defining the frame f

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978-3-642-63156-6Springer-Verlag Berlin Heidelberg 2000

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The Rationale for Seigniorage in Russia — A Model-Theoretic ApproachThe August 1998 debt crisis revealed the fragility of the Russian transformation process. In particular, it showed that the budget squeeze is one of Russia’s major problems. In fact, in 1998 the total federal budget in Russia (in dollar terms) has shrunk in magnitude to the government budget of the Irish Republic.