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Analysis and Commentary

Russia Has No Real Banks

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Thursday, September 21, 2000

Russia’s banks are ersatz banks, not real banks; their main activity is to transmit subsidies from the government to enterprises.

Analysis and Commentary

How Big Are Russia's Foreign Exchange Reserves?

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Monday, September 11, 2000

To find an answer, we need to examine monthly balance sheets of the Central Bank, the debt records of the Ministry of Finance, and the collective balance sheets of the monetary authority, which comprises jointly the Central Bank of Russia and the Ministry of Finance.

Analysis and Commentary

Russia Adopts 13% Flat Tax

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Wednesday, July 26, 2000

The Russian government, under its new president, Vladimir Putin, has made tax reform its number one economic policy priority. It

Analysis and Commentary

How to Reverse the Upcoming Russian Bust

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Saturday, July 1, 2000

A real banking system, a crucial leg in the triad of the financial system (fiscal, monetary, and banking), would effectively separate management of the monetary system from private finance, beget private productive incentives, mobilize private savings, and finance private investment.

Analysis and Commentary

It’s the Dollar

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Sunday, January 30, 2000

With the U.S. dollar as legal tender in Russia, the issue of an overvalued ruble disappears.

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Stop the Bailout

by Alvin Rabushka, Michael S. Bernstamvia Hoover Digest
Friday, October 30, 1998

Teetering on the verge of collapse, the Russian banking system is threatening to bring the entire Russian economy down with it. Hoover fellows Michael S. Bernstam and Alvin Rabushka argue that Russia’s banks need to be reformed, not bailed out.

Fixing Russia's Banks:A Proposal for Growth
Books

Fixing Russia's Banks: A Proposal for Growth

by Michael S. Bernstam, Alvin Rabushkavia Hoover Institution Press
Monday, July 6, 1998

Failing to fix Russia's banks risks further economic stagnation or decline and financial catastrophe.

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