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Title: Policy Proposal for Economic Reform in Russia

Essay Details

Subject: Europe
Author: Greedy Capitalist
Date: July 1, 2009
Level:
Grade:
Length: 9 / 2642
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The Russian central bank is a direct holdover from Soviet times and needs to change its policy drastically to adapt to a free-market economy. In a capitalist economy, private banks serve to store money and provide investment to business. Because banks lose their investment when a debtor defaults, they are careful to insure that entrepreneurs large and small have sound business plans and refuse to loan to companies whose profits are dubious...

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In a capitalist economy, private banks serve to store money and provide investment to business. Because banks lose their investment when a debtor defaults, they are careful to insure that entrepreneurs large and small have sound business plans and refuse to loan to companies whose profits are dubious...

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