Home  Journals  Finance and Credit  11(347) – 2009 March

Novations in the financial law of Russia and structural reforms as a way to address the challenges of the crisis

Available online: 16 September 2009

Subject Heading: Financial crisis

JEL Classification: 

World financial crisis sped up financial and tax system modernization in Russia. The Central Bank promotes the liquidity of the financial system and banking reliability in successive steps. The Ministry of Treasury of the Russian Federation lowers tax burden of Russian companies. However, alongside with the financial system reformation, a structural reform of the real economy must be carried out according to long-term sectorial development strategies, to Federal Target Program, and to the use of different tools of the public private partnership. Financial crisis will change the progress, but not stop it.

Keywords: financial and tax system modernization, financial system liquidity, tax burden lowering, financial system reform

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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