<p>Fixing Russia's Banks documents how Russia's financial system is built on what Michael S. Bernstam and Alvin Rabushka call ersatz banks. These inferior imitation banks have served largely as tools of the government to redistribute public funds to favored firms. The highly vaunted achievements of privatization, removal of price controls, and foreign trade liberalization have failed to produce growth because of a lack of private financing. National income has declined nearly 40 percent since 1992, with no recovery in sight.</p>

Fixing Russia's Banks: A Proposal For Growth

Business & Money

Rabushka, Alvin

Bernstam, Michael

Bernstam, Michael S.

Economics

Hoover Press

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Books by Bernstam, Michael

See the best price to sell, buy, or rent books by Bernstam, Michael. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Fixing Russia's Banks: A Proposal For Growth