Banking Reform in Russia: A Window of Opportunity?

47 Pages Posted: 16 Sep 2003

See all articles by Abdur Chowdhury

Abdur Chowdhury

Marquette University - Department of Economics; United Nations - Economic Commission for Europe

Date Written: August 2003


Only a successful implementation of an overall reform program will enable Russian banks to provide financial intermediation and assist in the country's development from a nascent market economy to a mature financial system. The chances for reform are better now than at any time during the last decade. Favorable political and economic conditions and a change in attitude among bank management have created an unusual window of opportunity. The paper analyzes the past performance of the Russian banking industry, evaluates the reform agenda of the monetary authority, and argues for an overall reform program in order to seize the available opportunity.

Keywords: Russia, banking reform, transition

JEL Classification: G2, P3

Suggested Citation

Chowdhury, Abdur, Banking Reform in Russia: A Window of Opportunity? (August 2003). William Davidson Institute Working Paper No. 601. Available at SSRN: or

Abdur Chowdhury (Contact Author)

Marquette University - Department of Economics ( email )

P.O. Box 1881
Milwaukee, WI 53201-1881
United States

United Nations - Economic Commission for Europe ( email )

Palais des Nations

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