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Finance and Credit
 

The value of property and financial policy of Nicholas II, Emperor of All Russia

Vol. 22, Iss. 4, JANUARY 2016

PDF  Article PDF Version

Received: 3 September 2015

Received in revised form: 5 October 2015

Accepted: 29 October 2015

Available online: 27 January 2016

Subject Heading: CHAPTER OF HISTORY

JEL Classification: 

Pages: 48-60

Fetisov V.D. Lobachevsky State University of Nizhny Novgorod – National Research University, Nizhny Novgorod, Russian Federation
Fetisov21@mail.ru

Subject The article considers the assessment of property and financial policy of Nicholas II, the last Emperor of Russia.
     Objectives The study aims to determine the size and structure of property value of Nicholas II, describe the implication and focal points of the financial policy he pursued, reveal its connection with the collapse of the Russian Empire, and analyze lessons of the past in the contemporary development of public administration in Russia.
     Methods I employ logical, analytical, system, historical and economic methods. Fact-based materials include works of domestic and foreign scientists, memoirs of eyewitnesses and people of the inner circle of the Romanovs, and statistical documents of the Russian Empire. The secrecy of data about property and finance of the Royal family complicated the study.
     Results The findings show that the existing appraisals of the Royal property are groundless. The paper describes the cost structure and the role of property in the life of the royal family, the influence of financial policy on the fate and fortunes of Nicholas II and the Russian Empire, and presents recommendations on transforming the modern financial management based on the historical experience.
     Conclusions The huge property value and the financial policy of Nicholas II to a very large extent underly the collapse of the Romanov family and the Russian Empire. It is important to consider lessons learned for positive development of modern Russia.

Keywords: Nicholas II, property, price, budget, financial policy

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