Financial-industrial groups (FIGs) and their roles in the Russian economy

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Title: Financial-industrial groups (FIGs) and their roles in the Russian economy
Author: Popova, Tatiana
Organization: Bank of Finland
Suomen Pankki
Department / Unit: Institute for Economies in Transition (BOFIT)
Siirtymätalouksien tutkimuslaitos (BOFIT)
Series number: 7/1998
Year of publication: 1998
Publication date: 30.12.1998
Pages: 5-28
Keywords: Venäjä; talousuudistus; yritykset; pankkitoiminta; sääntely; teollisuuspolitiikka; Bofit-kokoelma
Abstract: The article provides an overall review of different aspects of financial-industrial groups (FIGs) in Russia.The review first explores the developments during the Russian economic reform that lead to the emergence of FIGs, highlights the legal basis and actual reasons for creating them, and gives an assessment of various elements of the state's policy to promote FIGs.The article further provides aggregate information on and a full register of FIGs created along the official path, and characterises some of the large de facto FIGs that were formed outside official policies and procedures.A judgement to focus the state's FIG policy is also given. Keywords: financial-industrial groups, FIGs, Russian banks, Russian industry, restructuring, oligarchs
Note: Uudelleenjulkaistu pdf-muodossa 2002 (Idäntalouksien yksikön sarja)Reprint in PDF format 2002 (Unit for Eastern European Economies series)

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