The majority of enterprises in China are controlled by local governments at the provincial, city, county, township and … lower-level governments of townships and villages in China. …

federal centre. The theory is supported by the recent experience of Russia, China, and Argentina. …

private sector in urban China. We show that a reform that untied access to housing in urban areas from working for the state …

above all on Russia's ability to pursue non-inflationary monetary and fiscal policies. If this approach is not adopted and … to its members. While Russia, the prospective creditor, would have to be willing to provide a part of its multilateral … limit the burden to be borne by Russia. As the transition to world market prices for energy would lead to unsustainable …