Special vehicles of state intervention in Russia and Kazakhstan created by Yelena Kalyuzhnova and Christian A. Nygaard

By:

Kalyuzhnova, Yelena [author]

Contributor(s):

Nygaard, Christian A [co-author]

Material type: Text

TextSeries: Comparative economic studies ; Volume 53, number 1Hampshire: Palgrave Macmillan 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

08887233

Subject(s):

Natural resources -- Revenue -- Law of property, Financial sector, Bank regulation -- Russia, Kazakhstan

LOC classification:

HB90 COM

Online resources:

Click here to access online

Abstract: 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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Holdings
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

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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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