Transforming Financial Systems in the Baltics, Russia and Other Countries of the Former Soviet Union

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  6. Uitgever: Central European University Press. Samenvatting This study analyzes the main requirements placed on Central and Eastern Europe's financial systems during their transition to a market economy.

    Russia and the International Financial Institutions - Carnegie Endowment for International Peace

    It assesses the financial reforms already carried out in the countries of Central Europe, their adaptations of Western institutional models, and the lessons to be drawn from their experiences for the second wave reformers in the former Soviet Union and the Balkans.

    Both the Soviet and Russian governments subsequently took numerous steps to increase the influence of their respective central banks, and this so-called "war of the banks" represented one of the first efforts by a republic-level institution to pull away from the center. Numerous controversial incidents characterized Gerashchenko's first tenure as CBR head — , such as the July decision to wipe out mutually accrued debt among Russian enterprises, thereby formally ending Russia's flirtation with "shock therapy"; the surprise introduction of a new Russian currency in July ; and Gerashchenko's support for the Russian parliament after Yeltsin's September decision to disband it.

    Gerashchenko lost his job in November as a consequence of the ruble's exchange rate collapse on "Black Tuesday" October Dubinin was forced out after the massive Russian financial crisis of August , which many blamed on CBR policy.

    Gerashchenko replaced Dubinin and enjoyed a second stormy tenure at the CBR until his resignation in March The Duma confirmed Russia's deputy finance minister, Sergei Ignatiev, as the new director shortly thereafter. Central Bank of Russia. Johnson, Juliet.

    Top 15 Former Soviet Union Countries by GDP Per Capita Ranking History [1995-2017]

    Tompson, William. Cite this article Pick a style below, and copy the text for your bibliography. November 13,

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