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Russian Banking

Evolution, Problems and Prospects

Edited by David Lane

Russian Banking considers the rise of commercial market-oriented banks in Russia, their links with government and non-financial companies and their role as intermediaries in the provision of finance for investment. The contributors explore the legacy of the Soviet past and current functions of the Russian banking system, contrasting these with those in other post-communist societies and describing peculiarities such as informal networks and corruption.
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Term Agroprombank AKB AO ARCO Aktsionerny Kommercheski Bank Aktsionernoe Obschestvo Agency for the Reconstruction of Credit Institutions Agentstvo po Restrukturizatsii Kreditnikh Organizatsiy Bank for International Settlements Transcription Explanation Agro-Industry Bank. Joint stock commercial bank. Joint stock company. Russian Agency for Bank Restructuring. See above. ARKO BIS Multilateral institution which fosters international monetary and financial cooperation and serves as a bank for central banks. The adoption of internationally recognized standards, or codes of good practices, are designed to improve economic policy making and strengthen the international financial system. The international community has called upon the IMF and other standard setting agencies to develop standards/ codes covering a number of economic and financial areas. CIS included Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan. C&S Codes and standards CBR CIS Central Bank of Russia Commonwealth of Independent States (Sodruzhestvo nezavisimykh gosudarstv) xv xvi Term CPI ˇ CS ˇ CSOB EBRD Transcription Glossary Explanation FATF FDI FIG G7 Consumer price index ˇ Ceská sporitelna ˇ ˇ Ceskoslovenská obchodní banka European Bank for Reconstruction and Development Financial Action Task Force Foreign Direct Investments Financial Industrial Group Czech Savings Bank. Czechoslovak (Foreign-)Trade Bank. The group of the seven most industrialized countries. Includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Gross Domestic Product Gosudarstvennyi komitet po upravleniyu imushchestva (State Committee for the Management of Property) Gosudarstvennaya kratkosrochnaya obligatsiya (State Treasury Obligation) The organ of the Russian Government responsible for the management and privatization of state-owned property....

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