Edited by David Lane, Senior Research Associate, University of Cambridge, UK

• ContentsIntroductionDavid LanePART I ISSUES IN BANKING1 The evolution of post-communist banking David Lane2 Bank sector restructuring Satoshi Mizobata3 The present and future of banking reform William Tompson4 The view from the ground: case studies of three major banks(Sberbank, Uneximbank/Rosbank, Bank of Moscow) David Lane and Irene LavrentievaPART II GOVERNANCE ISSUES5 Banks and illegal activities Heiko Pleines6 Banks and the loans-for-shares auctions Duncan Allan7 Comparisons with east-central Europe Martin MyantPART III ECONOMIC AND GLOBAL ASPECTS8 Predicting Russia’s currency and financial crises Sheila A. Chapman and Marcella Mulino9 The political economy of banking reform and foreign debt Claudia M. Buch, Ralph P. Heinrich, Lusine Lusinyan andMechthild Schrooten10 Russian banks and foreign investments Julia A. Solovieva11 Progress towards financial stability Brigitte GranvilleIndex

'. . . required reading for all who are seriously interested in the modern Russian economy.'

Edited by David Lane, Senior Research Associate, University of Cambridge, UK

• ContentsIntroductionDavid LanePART I ISSUES IN BANKING1 The evolution of post-communist banking David Lane2 Bank sector restructuring Satoshi Mizobata3 The present and future of banking reform William Tompson4 The view from the ground: case studies of three major banks(Sberbank, Uneximbank/Rosbank, Bank of Moscow) David Lane and Irene LavrentievaPART II GOVERNANCE ISSUES5 Banks and illegal activities Heiko Pleines6 Banks and the loans-for-shares auctions Duncan Allan7 Comparisons with east-central Europe Martin MyantPART III ECONOMIC AND GLOBAL ASPECTS8 Predicting Russia’s currency and financial crises Sheila A. Chapman and Marcella Mulino9 The political economy of banking reform and foreign debt Claudia M. Buch, Ralph P. Heinrich, Lusine Lusinyan andMechthild Schrooten10 Russian banks and foreign investments Julia A. Solovieva11 Progress towards financial stability Brigitte GranvilleIndex

'. . . required reading for all who are seriously interested in the modern Russian economy.'

Edited by David Lane, Senior Research Associate, University of Cambridge, UK

• ContentsIntroductionDavid LanePART I ISSUES IN BANKING1 The evolution of post-communist banking David Lane2 Bank sector restructuring Satoshi Mizobata3 The present and future of banking reform William Tompson4 The view from the ground: case studies of three major banks(Sberbank, Uneximbank/Rosbank, Bank of Moscow) David Lane and Irene LavrentievaPART II GOVERNANCE ISSUES5 Banks and illegal activities Heiko Pleines6 Banks and the loans-for-shares auctions Duncan Allan7 Comparisons with east-central Europe Martin MyantPART III ECONOMIC AND GLOBAL ASPECTS8 Predicting Russia’s currency and financial crises Sheila A. Chapman and Marcella Mulino9 The political economy of banking reform and foreign debt Claudia M. Buch, Ralph P. Heinrich, Lusine Lusinyan andMechthild Schrooten10 Russian banks and foreign investments Julia A. Solovieva11 Progress towards financial stability Brigitte GranvilleIndex

'. . . required reading for all who are seriously interested in the modern Russian economy.'