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The Russian Financial System's Unsteady Transition

Published online by Cambridge University Press:  28 February 2024

Françoise Renversez
Françoise Renversez*
Affiliation:
University of Paris-X Nanterre
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Extract

The financial crisis that began on 17 August 1998 confirmed any fears that we might have had as to the robustness of the Russian banking system and more generally its financial system. It also pointed up the organic link between the confidence essential to the working of the banking system and the State's ability to guarantee the legality of it. Although improvements have been seen since then, the fundamental issue remains.

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Type
Research Article
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Diogenes , Volume 49 , Issue 194 , June 2002, pp. 106 - 114
Copyright
Copyright © ICPHS 2002

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