This book investigates two issues that have been slowing down the development of equity capital markets in transition economies - slow progress with privatisation and the lack of shareholder rights. Both problems are illustrated with data for the largest publicly traded Russian firms....

Robust regulators and their political masters : independence and accountability in theory / Marc Quintyn and Michael W. Taylor -- Independence and accountability in supervision : general principles and European setting / Lorenzo Bini Smaghi -- The fear of freedom : politicians and the...