Russia’s Financial System Strategy: Stimulating Modernization of Economy (Banking Sector, Monetary Policy, Taxes)
459 Pages Posted: 16 Nov 2010 Last revised: 27 Jan 2011
Date Written: November 15, 2010
This paper provides Russia’s financial system strategy covering three blocks: banking sector, monetary policy and taxes. The post-crisis strategy in banking sector contains proposals on achieving soundness and stability of Russian banking system, problem banks restructuring, as well as increase in efficiency of banking institutions. The post-crisis monetary policy presumes multi-targeting of different goals, among which are economic growth and balanced, less volatile financial system. Proposals on tax regime improvement include tax burden decrease and stimulating innovations.
Note: Downloadable document is in Russian.
Keywords: banks, banking sector, financial system, monetary policy, financial regulation, taxes
JEL Classification: E52, E58, G21, H30
Suggested Citation: Suggested Citation