What is it about?
The article offers an assessment of the financial depth of the Russian economy and exposes the weakness of its financial system by positioning it against other 'members' of the BRIC group.
Featured Image
Why is it important?
Comparative analysis of the financial systems of the BRIC countries has not received adequate coverage yet. Adequate knowledge of the financial markets in emerging markets helps to understand better the fragility of the global financial sector.
Perspectives
Our analysis depicts the Russian financial market in its present state as almost certainly not the strongest contender in either the BRIC context or in comparison to the leading financial powerhouses. It shows some impressive quantitative and qualitative gains but at the same time suffers from developmental ‘diseases’ that act as barriers to robust and stable growth.
Olga Kuznetsova
Manchester Metropolitan University
Read the Original
This page is a summary of: The Financial Depth of Emerging Markets: The Case of Russia, Competition & Change, May 2013, SAGE Publications,
DOI: 10.1179/1024529413z.00000000031.
You can read the full text:
Contributors
The following have contributed to this page
