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5 Public Expenditure Reform

5 Public Expenditure Reform »

Source: Russia Rebounds

Series: Books

Author(s): David Robinson , and David Owen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2003

ISBN: 9781589062078

Keywords: banking, banking system, tax administration, expenditure, bonds

The failure to address fiscal imbalances was clearly at the heart of Russian debt crisis. Typically, this failure is seen as largely a revenue issue. Indeed, the repeatedly demonstrated inability (or unwilli...

6 Banking Crisis and Recovery

6 Banking Crisis and Recovery »

Source: Russia Rebounds

Series: Books

Author(s): David Robinson , and David Owen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2003

ISBN: 9781589062078

Keywords: banking, banking system, tax administration, expenditure, bonds

The August 1998 crisis had an immediate and significant impact on the banking system. The combination of the government’s de facto default on its domestic debt and the sharp devaluation of the ruble provided...

7 The Role of Financial Institutions in the Transition to a Market Economy

7 The Role of Financial Institutions in the Transition to a Market Economy »

Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1994

ISBN: 9781557753809

Keywords: credit, banking, payments, payment system, banking system

Policymakers in the formerly centrally planned economies face the formidable task of creating functioning market economies in environments in which market mechanisms have been suppr...