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Russia’s long and winding road to a more efficient and resilient banking sector

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03-Nov-2009

Geoff Barnard

 This paper discusses the policy imperatives in the short term, in the face of the ongoing economic crisis, and reforms that could be implemented over the longer term to improve the efficiency and resilience of the financial system and raise Russia’s potential growth rate.

Economic Survey of Russia 2009: Making the banking sector more efficient and resilient

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15-Jul-2009

Despite improvements, the banking system remains underdeveloped and crisis-prone. The current crisis, albeit painful, may yield restructuring and new regulatory approaches that will be positive in the long run.

Economic Survey of Russia 2009: Making exchange rate policy more flexible and monetary policy more effective

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15-Jul-2009

Russia should aim for a gradual switch from a quasi-fixed exchange rate policy to inflation targeting. Not all conditions for adopting inflation targeting are yet in place, but preparations should be accelerated.

Economic Survey of Russia 2009: Stabilisation and renewed growth: Key challenges

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15-Jul-2009

After a decade of rapid growth, Russia has fallen into recession. The near term challenge is to limit the extent of the downturn, while beyond the crisis, a sounder growth model should be put in place.

A golden rule for Russia? How a rule-based fiscal policy can allow a smooth adjustment to the new terms of trade

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23-Jan-2007

Christian Gianella

This chapter addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management, particularly with respect to competitiveness and inflation. Economics Department Working Paper 537.

High level Experts meeting on Corporate Governance of State Owned Enterprises in Russia

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14-Dec-2006

On 14-15 December 2006, senior policy-makers, experts, and representatives of the private sector from Russia and OECD countries met to discuss progress as well as remaining challenges in improving corporate ...

Economic survey of the Russian Federation 2006: Ensuring sound macroeconomic management

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27-Nov-2006

This chapter addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management, particularly with respect to competitiveness and inflation.  

Implementing International Financial Reporting Standards (IFRS) in Russia

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15-Jul-2005

This report aims to improve corporate governance in Russia, which is recognised as essential for the creation of sound companies, financial market integrity and an attractive business climate. Corporate ...

Fifteen years of economic reform in Russia: what has been achieved? What remains to be done?

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13-May-2005

Rudiger Ahrend and William Tompson

The paper assesses structural reform and economic performance in Russia since 1991. Economics Department Working Paper 430.

Russian Corporate Governance Roundtable: 11-12 November 2004

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11-Nov-2004

The Russian Corporate Governance Roundtable met in November 2004 to endorse the report “Priorities for Implementing IFRS in the Russian Federation” and discuss the paper “Implementing Effective Disclosure of Related Party Transactions and Beneficial Ownership in Russia”

Publication

Strengthening the Policy Framework for Investment

2008 Investment Policy Review of Russia

Focus

International Gateway for Financial Education

www.financial-education.org

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