In Russia, the pre-conditions for a successful transition to inflation targeting are beginning to emerge. The economy remains highly dependent upon the external economic conjuncture, but the financial crisis made for a steep increase in the demand of commercial banks for refinancing by the CBR....

Organizational and financial issues related to the governance of municipalities were examined in this work with the aim to analyze regional peculiarities of municipal reform during transition period. Analysis was conducted with the help of budget statistics for the first half of 2006 and...