Vernikov, Andrei - Institut für Wirtschaftsforschung Halle (IWH) - 2011
magnitude of government banking, and to reveal some of its special features and arrangements. We distinguish between directly … Russia in the same league with China and India and widening the gap from typical European emerging markets. We show that … pyramids that dilute public property, take control away from government bodies, and underpin managerial opportunism …