made a comeback as owner of the dominant market participants.We also look at the new institutions imported into Russia to ….The unfortunate combination of this new institutional overlay and traditional local norms of behavior have brought Russia to an …

Russia to regulate banking and finance, including rule of law, competition, deposit insurance, bankruptcy, and corporate … Russia to an impasse – the banking sector’s ownership structure hinders further advancement of market institutions. Indeed …

The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …

efficiency and performance. To identify the role of patronage connection in privatization, we use the mandatory retirement age … privatization deals and jumps in efficiency for privatized SOEs when local politicians lose connections to Central Committee members …

privatization programs often failed to achieve independence from government control and from undesirable weak clients.It is now … markets and institutions to accomplish unattainable goals.Equity markets cannot be effectively support mass privatization …

This paper deals with the relationship between mass privatization and stock market development in transition economies … hypothesis that mass privatization exerted a negative influence on stock market functioning over the short and medium term ….Further, it appears that stock markets in countries with mass privatization were initially perceived as mere byproducts of the …

This paper deals with the relationship between mass privatization and stock market development in transition economies … the hypothesis that mass privatization exerted a negative influence on stock market functioning over the short and medium … term. Further, it appears that stock markets in countries with mass privatization were initially perceived as mere …

privatization programs often failed to achieve independence from government control and from undesirable weak clients. It is now … markets and institutions to accomplish unattainable goals. Equity markets cannot be effectively support mass privatization …

finding that all types of banks in Russia increase their lending before presidential elections supports the view that the … authorities in an electoral autocracy like Russia can influence lending of both private and state-owned banks for political …