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Author:Mellow, C.
Title:Sulky sideline
Journal:Banker
1995 : SEP, VOL. 145:835, p. 23-28
Index terms:RUSSIA
BANKING
STABILIZATION
Language:eng
Abstract:The Central Bank's Tatyana Paramonova has halted play time for the bank boys, reports Craig Mellow. What is a poor Russian banker to do? This country's grim new passion for economic stabilisation has made it hard to have any fun. Tatyana Paramonova's tight fist at the Central Bank of the Russian Federation has smashed the interbank funds market, once the financial system's mainstay. 90-day loans scarcely exist any more, and 30-day rates are below 100% annualised - scarecely worth the paperwork.
SCIMA record nr: 139902
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