A Fistful of Rubles

A Fistful of Rubles

Author: Juliet Johnson

Publisher: Cornell University Press

Published: 2018-09-05

Total Pages: 265

ISBN-13: 1501731319

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After the breakup of the USSR, it briefly appeared as though Russia's emerging commercial banks might act as engines of growth for a new capitalist economy. However, despite more than a decade of "reforms," Russia's financial system collapsed in 1998. Why had ambitious efforts to decentralize and liberalize the banking industry failed? In A Fistful of Rubles, Juliet Johnson offers the first comprehensive look at how Russia's banks, once expected to revitalize the nation's economy, instead became one of the largest obstacles to its recovery.Drawing on interviews with Russian bankers, policymakers, and entrepreneurs, Johnson traces the evolution of the banking system from 1987 through the aftermath of the 1998 crash. She describes how dysfunctional institutional procedures left over from the Soviet period hindered the subsequent development of sound financial practices. Johnson argues that these legacies, along with misguided, Western-inspired liberalization policies, led to the creation of parasitic banks for which success depended on political connections rather than on investment strategies. Johnson demonstrates that banking reform efforts ultimately did more harm than good, because Russian officials and their international advisers failed to build the corresponding economic, legal, and political institutions upon which modern market behavior depends.


The Rise and Fall of Privatization in the Russian Oil Industry

The Rise and Fall of Privatization in the Russian Oil Industry

Author: L. Sim

Publisher: Springer

Published: 2008-10-24

Total Pages: 227

ISBN-13: 023059476X

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A study of the actors and institutions that shaped decision-making on privatization in the Russian oil industry between 1992 and 2006. The book analyses the origins of privatization as a policy on a macro, industry-wide level, as well as presenting three in-depth case studies of privatization on a company level.


The Russian Path

The Russian Path

Author: Dmitry Gel'man, Vladimir Marganiya, Otar Travin

Publisher: BoD – Books on Demand

Published: 2020-10-20

Total Pages: 240

ISBN-13: 3838214218

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The politico-economic reforms launched during the late twentieth century in post-Soviet Russia have led to contradictory and ambiguous results. The new economic environment and mode of governance that emerged have been subjected to serious criticism. What were the causes of these developments? Were they unavoidable for Russia due to specific factors grounded in the country’s previous experiences? Or were they an intended result of actions taken by the leaders of the country during the last few decades? The authors of this book share neither a deterministic approach, which implies that Russia is bound to fail because of the nature of its economic and political evolution, nor a voluntarist approach, which implies that these failures were caused only by the incompetence and/or malicious intentions of its leaders. Instead, this study offers a different framework for the analysis of political and economic developments in present-day Russia. It is based on four ‘i’s—ideas, interests, institutions, and illusions.


The Shadow of War

The Shadow of War

Author: Stephen Lovell

Publisher: John Wiley & Sons

Published: 2011-06-24

Total Pages: 402

ISBN-13: 1444351591

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Taking the achievements, ambiguities, and legacies of World War II as a point of departure, The Shadow of War: The Soviet Union and Russia, 1941 to the Present offers a fresh new approach to modern Soviet and Russian history. Presents one of the only histories of the Soviet Union and Russia that begins with World War II and goes beyond the Soviet collapse through to the early twenty-first century Innovative thematic arrangement and approach allows for insights that are missed in chronological histories Draws on a wide range of sources and the very latest research on post-Soviet history, a rapidly developing field Supported by further reading, bibliography, maps and illustrations.


Russian Path Dependence

Russian Path Dependence

Author: Stefan Hedlund

Publisher: Routledge

Published: 2005-01-23

Total Pages: 530

ISBN-13: 1134259174

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Russia's transition to a market economy has been tortuous to say the least. However, this book argues that the arguments and counter-arguments that pitch shock therapy against gradualism are wide of the mark and quite pointless. Indeed, the reasons for the warped outcomes can actually be traced back through the long sweep of Russian history. Decisions made in the distant past can fully influence policy- making in the present. Hedlund's thesis can, like this, be seen as influenced by the 'path dependency' theories of Paul David among others.


A Fistful of Rubles

A Fistful of Rubles

Author: Juliet Johnson

Publisher: Cornell University Press

Published: 2000

Total Pages: 284

ISBN-13: 9780801437441

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Johnson argues that these legacies, along with misguided, Western-inspired liberalization policies, led to the creation of parasitic banks for which success depended on political connections rather than on investment strategies.".


Russian Politics from Lenin to Putin

Russian Politics from Lenin to Putin

Author: S. Fortescue

Publisher: Springer

Published: 2010-05-13

Total Pages: 239

ISBN-13: 023029314X

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Seven leading specialists present chapters devoted to key themes in Soviet and post-Soviet Russian politics. Those themes include: the personal versus the institutional in the political process; legitimacy and legitimation; and change and collapse of a mono-organisational society. While the book focuses on these major themes, individual chapters deal with wide-ranging and even unusual cases: Graeme Gill analyzes the legitimating functions of Moscow's architecture, Sheila Fitzpatrick uses the archives to draw a picture of Stalin 'the boss' dealing with his closest colleagues, Eugene Huskey provides a detailed description of post-Soviet Russian pantouflage, and Archie Brown and Peter Reddaway present their different takes on Gorbachev and the Soviet collapse. Stephen Fortescue provides an overview of policy-making processes from Lenin and Putin, and Leslie Holmes updates the concept of goal-rational legitimacy.


Dynamics of Russian Politics

Dynamics of Russian Politics

Author: Peter Reddaway

Publisher: Rowman & Littlefield

Published: 2004

Total Pages: 544

ISBN-13: 9780742526464

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Who rules Russia? This question is generated by President Vladimir Putin's most ambitious reform program to date--his attempt since 2000 to reshape the Russian federation, centralize much of the power lost by the Kremlin to the eighty-nine regional governors during the 1990s, and strengthen his weak grip on Russia's institutions and political elite. In The Dynamics of Russian Politics Russian and Western authors from the fields of political science, economics, ethnology, law, and journalism examine the reform's impact on key areas of Russian life, including big business, law enforcement, corruption, political party development, health care, local government, small business, and ethnic relations. Volume I presents the historical context and an overview of the reforms, then tracks how Putin's plans were implemented and resisted across each of the seven new federal okrugs, or megaregions, into which he divided Russia. In particular, the authors analyze the goals and contrasting political styles of his seven commissars and how their often-concealed struggles with the more independent and determined governors played out. Volume II examines the impact of these reforms on Russia's main political institutions; the increasingly assertive business community; and the defense, police, and security ministries. It also analyzes how the reforms have affected such key policy areas as local government, health care, political party development, the battle against corruption, small business, ethnic relations, and the ongoing Chechen war. Together, the two volumes simultaneously reveal that Putin's successes have been much more limited and ambiguous than is widely believed in the West while offering detailed and nuanced answers to the difficult but crucial question: Who rules Russia?


Encyclopedia of Contemporary Russian Culture

Encyclopedia of Contemporary Russian Culture

Author: Tatiana Smorodinskaya

Publisher: Routledge

Published: 2007

Total Pages: 780

ISBN-13: 0415320941

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The Encyclopedia is an invaluable resource on recent and contemporary Russian culture and history for students, teachers, and researchers across the disciplines.


Priests of Prosperity

Priests of Prosperity

Author: Juliet Johnson

Publisher: Cornell University Press

Published: 2016-02-25

Total Pages: 311

ISBN-13: 1501703757

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Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist central bankers into its network, shaped their ideas about the role of central banks, and helped them develop modern tools of central banking. Johnson's detailed comparative studies of central bank development in Hungary, the Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from the birth of the campaign in the late 1980s to the challenges faced by central bankers after the global financial crisis. As the comfortable certainties of the past collapse around them, today’s central bankers in the postcommunist world and beyond find themselves torn between allegiance to their transnational community and its principles on the one hand and their increasingly complex and politicized national roles on the other. Priests of Prosperity will appeal to a diverse audience of scholars in political science, finance, economics, geography, and sociology as well as to central bankers and other policymakers interested in the future of international finance, global governance, and economic development.