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

See all articles by Yakov Mirkin

Yakov Mirkin

Financial University under the Government of the Russian Federation

Date Written: November 15, 2010

Abstract

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

Mirkin, Yakov, Russia’s Financial System Strategy: Stimulating Modernization of Economy (Banking Sector, Monetary Policy, Taxes) (November 15, 2010). Available at SSRN: https://ssrn.com/abstract=1709862 or http://dx.doi.org/10.2139/ssrn.1709862

Yakov Mirkin (Contact Author)

Financial University under the Government of the Russian Federation ( email )

49, Leningradsky Prospect
Moscow, 125993
Russia
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