By employing the methodology developed by the OECD the paper assesses the degree of revenue decentralization in Russia in comparison with other post-communist European countries. The paper provides theoretical arguments underpinning fiscal decentralization, analyzes the composition of...

Budget federalism in Russia began in 1992. Under the effects of strong centrifugal trends, the decentralization of the budget and tax system took place in the form of "waves" of agreements regarding the share distribution of tax receipts, the entry into which entailed the delegation of ever...

The banking crisis in Russia that became overt in August of 1998 is systemic in nature. Almost all Russian banks were unable to meet the terms of contracts entered into with depositors by the middle of August for two classic reasonsâowing to the failure of bank borrowers to meet their...

This article attempts to analyze the dynamics and logic of economic reforms in Russia based on observations and research on economic indicators of recent years.

An important condition for the transition to the free float and inflation targeting regime is the ability of the Russian Central Bank to pursue an active independent policy of interest rate adjustment. The purpose of this investigation is to analyze the effect produced by the exchange rate...