Banking in Russia: Shadows of the Past
- 1 May 1996
- journal article
- Published by Taylor & Francis in Problems of Post-Communism
- Vol. 43 (3) , 49-59
- https://doi.org/10.1080/10758216.1996.11655679
Abstract
Paradoxically, although a market economy may be necessary to consolidate a democracy, the monopolization of financial resources by Russian commercial banks may give rise to an oligarchical financial and industrial elite that threatens the country’s democratic future.Keywords
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