Special vehicles of state intervention in Russia and Kazakhstan created by Yelena Kalyuzhnova and Christian A. Nygaard
Material type: TextSeries: Comparative economic studies ; Volume 53, number 1Hampshire: Palgrave Macmillan 2011Content type:- text
- unmediated
- volume
- 08887233
- HB90 COM
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
Journal Article | Main Library - Special Collections | HB90 COM (Browse shelf(Opens below)) | Vol. 53, no. 1 (pages 57-78) | SP11431 | Not for loan | For in house use |
This paper analyses the interlink between resource revenues and financial sector management in Russia and Kazakhstan. In the absence of a well functioning private financial sector the governments can substitute for the actions of the private actors by introducing dedicated financial vehicles. Specifically, these instruments allow the governments of Russia and Kazakhstan alternatives to direct ownership in their pursuit of national economic priorities. The focus of the paper is on two examples of dedicated state investment vehicles with clear industrial policy remits and roles as agents of their respective governments. The paper distinguishes between crisis management and systemic role of these institutions.
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