Abstract
Russia’s financial system is currently experiencing a phase of endemic weakness. The Central Bank of the Russian Federation (CBR) is stemming the rising tide by limiting the creation of new banks through a progressive tightening of entry requirements, liquidating or restructuring banks or placing CBR officials at the helm of those in distress as well as exercising the new regulatory and supervisory powers invested in it in the spring of 1996. The current difficulties tend to bring the responsibilities and tasks of the CBR into sharper focus, making the demarcation line between the central bank and other official bodies, such as the ministry of finance, less blurred.
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(2007). The monetary policy transmission mechanism in Russia. In: Challenges at the Bank for International Settlements. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-72790-3_11
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DOI: https://doi.org/10.1007/978-3-540-72790-3_11
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