Click Here to Download: https://ouo.io/dLEgJpX Fixing Russia's Banks A Proposal for Growth By: Michael S. Bernstam; Alvin Rabushka Publisher: Hoover Press Print ISBN: 9780817995720, 0817995722 eText ISBN: 9780817995768, 0817995765 Edition: 1st Format: EPUB Available from $ 0.75 USD SKU 9780817995768R30 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.
