Criteria for evaluation of systems of fiscal federalism are derived from the current state of the theory of fiscal federalism. In a second step we provide an overview of developments of fiscal federalism systems in OECD countries highlighting some existing trends. Third, an overview of Russia's...

This paper assesses the causes and costs of the Russian banking crisis, the lending behavior of Russian banks, and it evaluates the authorities' response to the crisis. There appears to be evidence for conservative lending behavior on the part of Russian banks. The paper also searches for ways...