banking systems in China and Russia. Our main hypothesis is that, differences in the absolute size and socio-cultural features … dominant and complementary institutions. China has been searching gradually and carefully the right balance consistent with its …-term trend. China has currently become an institutional donor for Russia in terms of innovations for the credit system design. …

authors for the markets of the USA, China and Brazil. However, the prospectuses of the Russian issuers less often include a …