✦ LIBER ✦
The rocky road to modernity: 20 years of the Russian capital market
✍ Scribed by Olga Kuznetsova; Andrei Kuznetsov; Yakov M. Mirkin
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 272 KB
- Volume
- 53
- Category
- Article
- ISSN
- 1096-4762
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
From a modest start almost 20 years ago, the Russian financial market has emerged as a major force in Eastern Europe and Central Asia. This article offers a retrospective account of the two decades of development of the financial sector in Russia, with an emphasis on the securities market; outlines the main stages in its development; and proposes an assessment of the capital market in comparison to other international markets. We conclude with an overview of the market's performance during the current financial crisis. © 2011 Wiley Periodicals, Inc.