Market dependency and financial buffers in Russia

Kiss Gábor Dávid: Market dependency and financial buffers in Russia. In: Studies in international economics and finance. pp. 63-80. (2011)

[thumbnail of gtk_2011_en_002_063-080.pdf]
Preview
Cikk, tanulmány, mű
gtk_2011_en_002_063-080.pdf

Download (810kB) | Preview

Abstract

During Russia‟s transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the country‟s external and internal economic vulnerability. This study deals with the operation of the country's sovereign wealth funds (SWFs), including the effects of raw material prices, the pension system and aspects of the lessons of capital market turbulences under the current crisis. The Russian version of the multipillar pension system puts the emphasis on financial sustainability, by which only a minimum of financial risk has been taken by the State, while its monopoly in the management of pension funds has ensured a market for its own debt.

Item Type: Book Section
Journal or Publication Title: Studies in international economics and finance
Date: 2011
ISSN: 1588-8533
ISBN: 978-963-315-055-9
Page Range: pp. 63-80
Series Name: SZTE Gazdaságtudományi Kar közleményei
Language: English
Related URLs: http://acta.bibl.u-szeged.hu/37423/
Uncontrolled Keywords: Gazdaságpolitika - Oroszország - 21. sz.
Additional Information: Bibliogr.: p. 77-80. ; összefoglalás angol nyelven
Subjects: 05. Social sciences
05. Social sciences > 05.02. Economics and business
Date Deposited: 2016. Oct. 17. 10:39
Last Modified: 2022. Mar. 02. 07:49
URI: http://acta.bibl.u-szeged.hu/id/eprint/36225

Actions (login required)

View Item View Item