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It’s the Dollar

by Michael S. Bernstam, Alvin Rabushka
Tuesday, January 30, 2001

Since the dissolution of the Soviet Union, the Russian ruble has had a bumpy ride. It has suffered periodic devaluations.

Analysis and Commentary

The 100% Repatriation Rule: An Option for Russia

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Thursday, January 25, 2001

All we need to establish as a policy matter is that the Central Bank's 75% repatriation and conversion rule appears to have been largely successful. What would be the consequences of a 100% rule?

Analysis and Commentary

To Default or Not Default, That Is the Question.

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, January 16, 2001

There are more than sufficient foreign reserves among the assets of the Central Bank for the Russian government to meet its repayment schedule to the Paris Club, assuming that the government is willing to borrow from, or use some of its rubles to buy foreign currency from, the Bank. Thus far this year, the Russian government is resisting that step.

Is Russia on the Road to Recovery?

by Michael S. Bernstam, Alvin Rabushka
Thursday, January 11, 2001

Since 1991, living standards in Russia have fallen by 47 percent.

Analysis and Commentary

Will the Central Bank of Russia Remain Independent?

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Wednesday, January 10, 2001

In late December 2000 and early January 2001, a spate of stories appeared in the Western and Russian press that President Vladimir Putin was determined to overhaul Russia’s banking system.

Analysis and Commentary

Can Russia Grow Faster than 4 Percent? Yes, if....

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Thursday, January 4, 2001

It’s important to understand why Russia grew 7.6% in 2000. The answer is an interaction of two factors.

Analysis and Commentary

Germany and Russia Discuss Debt for Equity Swaps

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Monday, December 4, 2000

Chancellor Gerhard Schroeder of Germany and Prime Minister Mikhail M. Kasyanov of Russia agreed to set up a working group to explore the proposal of a debt-for-equity swap.

Analysis and Commentary

Fact and Fancy about Post-Communist Economic Reforms

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, November 21, 2000

Apart from a sharp decline in living standards, the greatest loser in Russia’s economic reforms has been plain facts.

Analysis and Commentary

Russia’s Banks Are Corrupt and Unreformed

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Monday, October 2, 2000

The failure to reform Russia’s banks, wrote the The Moscow correspondent of The Economist, is hampering the development of a vital source of financing for restructuring Russian enterprises.

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.

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