Research on the Transition of the Russian Banking System

Author: Xu Xiangmei
Publisher:
Publish Date: 2005-09-01
Features: This book conducts a systematic and comprehensive study on the development, evolution, and reform outcomes of the Russian banking system. It first examines the process of how the financial system evolved alongside changes in the economic system from a historical perspective, introducing the changes in the financial operating environment during Russia's economic transition. Against this backdrop, the book outlines the establishment and development of the Russian central bank and commercial banking system by describing several stages of banking system reforms. It explains the inevitability of the financial crisis, the catastrophic consequences it imposed on financial markets and the banking system, and the subsequent restructuring and post-crisis development of the banking system by analyzing the multiple internal and external factors that led to its outbreak. Based on the aforementioned research, the author summarizes the main characteristics of the Russian banking system's transition. From aspects such as institutional construction, operational indicators, financial development levels, and existing problems, the book evaluates the performance of the Russian banking system's transition and conducts a comparative study of banking system reforms in China and Russia, offering insights and lessons for China's banking system reforms.