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Financial revolution: Russian capital markets in the 90’s

Joseph Monahan (Associate Professor of Finance and the Discipline Coordinator for Dowling College, School of Business, Oakdale, NY 11769, USA)

Cross Cultural Management: An International Journal

ISSN: 1352-7606

Article publication date: 1 December 1998


Scrutinizes Russia’s capital markets and the state of the economy. Recounts the establishment of the US‐Russian Capital Markets Forum in 1996 and the reforms they recommended making. Looks also at banking, equities, trading equities, mutual funds, tapping foreign capital markets, government securities, the European Bank for Reconstruction and Development, and corporate bonds – and the role they can all play in helping Russia’s economy to recover. Concludes that, in some areas, Russia has made tremendous progress. Recommends that investors need to think carefully about investment decisions before acquiring Russian securities.



Monahan, J. (1998), "Financial revolution: Russian capital markets in the 90’s", Cross Cultural Management: An International Journal, Vol. 5 No. 4, pp. 22-29.




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