Fixing Russia's Banks a Proposal for Growth
- Binding: Paperback
- Publisher: Hoover Inst Pr
- Publish date: 08/01/1998
Description:
Russia's attempt to create a thriving free market economy is failign largely because its financial system is built on ersarz banks. Bernstam and Rabushka's bold, intriguing proposal--resting on an elaborate strategy for debt-for-equity swaps--would establish real banks, reduce government debt, strengthen the independence of the Central Bank of Russia, and lay a solid foundation for sustained economic growth.
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