Inquiries into institutional change are relatively new to post-transition Russia. Unlike most studies, this inquiry draws attention to thinking of social control that is aimed, not at changing, but rather at retaining institutions. In this vein, I argue that the retention of institutions can and...

We undertook an institutional analysis of commercial banks in Russia. After the failed experiment with private financial intermediation in the 1990s, Russia migrated towards a banking system consisting of three — rather than two — tiers and featuring core institutions controlled by the state...