Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Financial Sector Reform in Russia: DÉjÀ Vu All Over Again

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, January 21, 2003

To this day, neither the IMF or other transition scholars have yet proposed any real reform of Russia's banks. Rather, they, as exemplified in this most recent IMF paper, choose to reiterate shopworn cliches, and then wonder why Russia's banks, and its economy in general, remain in need of reform.