This Policy Brief examines the economic well-being of Russian households in the wake of warrelated sanctions, leveraging ten years of data from the Russian Longitudinal Monitoring Survey (RLMS). Building on macroeconomic indicators suggesting resilience, we analyze subjective wellbeing,...

Can private firms produce the trust needed to develop and sustain new markets in the absence of government intervention? In our analysis of the Russian household deposit market during the 1990s, we show how the initial conditions of market emergence contributed to a vicious circle in which...