Download e-book for kindle: The New Political Economy of Russia by Erik Berglöf, Andrei Kunov, Julia Shvets, Ksenia Yudaeva

By Erik Berglöf, Andrei Kunov, Julia Shvets, Ksenia Yudaeva

ISBN-10: 0262025426

ISBN-13: 9780262025423

ISBN-10: 0585481407

ISBN-13: 9780585481401

I'm staying in russia. i'm scholar the following. i would like to grasp extra approximately russian economic system ,because iam studing financial system.

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Erik Berglöf, Andrei Kunov, Julia Shvets, Ksenia Yudaeva's The New Political Economy of Russia PDF

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Instead of improving their governance structures, groups cut their asset holdings and tried to weather the crisis. As a result, banks lost their key positions in FIGs. After the crisis, the weakness of former owners and liquidity problems then brought a new wave of ownership changes in the Russian economy. The active participation of regional authorities in this redistribution was one of the most remarkable features of the ownership changes, especially in the oil industry. Another important factor for FIG development at this time was the government’s attempt to revive state holdings in strategic industries.

Indeed, a large proportion of Russian workers change jobs or find part-time second jobs locally. The Soviet-style system of obligatory residence permits (propiska) has been abandoned almost everywhere. ) Our research shows that the major barriers to mobility in Russia are lack of education and liquidity constraints (see Friebel and Guriev 2000; Andrienko and Guriev 2001). Somewhat surprisingly, empirical analysis demonstrates that, controlling for other characteristics, people with higher incomes tend to move among regions more often.

Law enforcement in a transition economy is highly correlated with the development of the financial system in that economy, which facilitates investment activities and channels them into the most profitable areas. The Russian financial system, still in its infancy, fails to perform these functions. In addition to improving the country’s protection of property rights, legal reform in Russia will also spur development in the financial system. Such reform will require a very serious effort to be successful, particularly in the area of banking.

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The New Political Economy of Russia by Erik Berglöf, Andrei Kunov, Julia Shvets, Ksenia Yudaeva

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