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The state, informal networks, and financial market regulation in post-Soviet Russia, 1990-2008
Södertörn University, Centre for Baltic and East European Studies (CBEES).
2015 (English)In: The Soviet and Post-Soviet Review, ISSN 1075-1262, E-ISSN 1876-3324, Vol. 42, no 1, 5-38 p.Article in journal (Refereed) Published
Abstract [en]

The article examines how informal networks inside the Russian state influenced the formation and further development of the country' s financial markets during the 1990s and 2000s. The main argument is that the activities of these networks made it difficult to implement any coherent state regulation policy in the field. At the same time, rivalry between competing informal networks and different organizations contributed to institutional development and some improvements. The result was a dualist institutional structure of the Russian speculative financial markets that reproduced itself throughout the period in question. The study is based on in-depth interviews conducted at Moscow-based financial institutions.

Place, publisher, year, edition, pages
2015. Vol. 42, no 1, 5-38 p.
Keyword [en]
business history, informal networks, institutions, post-Soviet economy, Russian financial markets, state policy
National Category
Economics and Business
Research subject
Baltic and East European studies
Identifiers
URN: urn:nbn:se:sh:diva-27919DOI: 10.1163/18763324-04201002Scopus ID: 2-s2.0-84931085648Local ID: 1310/42/2009OAI: oai:DiVA.org:sh-27919DiVA: diva2:839946
Projects
The development of Russian financial market and its institutional actors: From the fall of the Soviet Union to the financial crisis 2008
Funder
The Foundation for Baltic and East European Studies, 1310/42/2009
Available from: 2015-07-06 Created: 2015-07-06 Last updated: 2015-07-06Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf