Russian Banking considers the rise of commercial market-oriented banks in Russia, their links with government and non-financial companies and their role as intermediaries in the provision of finance for investment.
The contributors explore the legacy of the Soviet past and current functions of the Russian banking system, contrasting these with those in other post-communist societies and describing peculiarities such as informal networks and corruption.
The book also discusses the economic and global aspects of Russia's reform, focusing on financial crises, foreign depositors to Russian banks and the implications for Russian foreign debt.
This up-to-date and comprehensive account of commercial banking in modern Russia will appeal to those concerned with the economics of transition or comparative banking. Political scientists and sociologists with an interest in forms of capitalism and the roles of banks will also find the book to be a fascinating read.
Edited by David Lane, Senior Research Associate, University of Cambridge, UK
Contents Introduction David Lane PART I ISSUES IN BANKING 1 The evolution of post-communist banking David Lane 2 Bank sector restructuring Satoshi Mizobata 3 The present and future of banking reform William Tompson 4 The view from the ground: case studies of three major banks (Sberbank, Uneximbank/Rosbank, Bank of Moscow) David Lane and Irene Lavrentieva PART II GOVERNANCE ISSUES 5 Banks and illegal activities Heiko Pleines 6 Banks and the loans-for-shares auctions Duncan Allan 7 Comparisons with east-central Europe Martin Myant PART III ECONOMIC AND GLOBAL ASPECTS 8 Predicting Russia's currency and financial crises Sheila A. Chapman and Marcella Mulino 9 The political economy of banking reform and foreign debt Claudia M. Buch, Ralph P. Heinrich, Lusine Lusinyan and Mechthild Schrooten 10 Russian banks and foreign investments Julia A. Solovieva 11 Progress towards financial stability Brigitte Granville Index