Financial Reform In The Russian Market Process

Marketing is the transition from plan economy to market economy,which is the same as the economic transition,and whose purpose is to optimize collocating resource and promote productivity. The function of finance is to transfer from saving to investment. Financial reform is the most important part in the whole economy reform,which will undoubtedly promote the marketing process.With the help of the reference of others,the thesis is to focus on Russian banking system,insurance system,as well as finance market in order to work over the whole finance reform process of Russia from Soviet time till now.Finance deepen theory is employed in the whole thesis,which is the major theory in finance reform and finance development in developing counties. It holds that loosing the government management constraints will promote the finance system development,gain more social saving and stimulate the economic development.The thesis comprises 7 chapters. Chapter 1 reviews the finance system of Soviet time and finance reform in the later stage of Soviet. Chapter 2 deals with the status of banking system and the restructuring after the finance crisis in 1998. Chapter 3 presents finance market set-up and development and analyses some problems in it. Chapter 4 introduces the insurance system and gives some useful advice on opening domestic insurance. Chapter 5 discusses the financial risk,the financial crisis,then puts forward that financial supervision is the key point to prevent risk. Chapter 6 is the conclusion of this paper. It advances some issues to be explored further,holds that the government power and institution arrangement are important for economic reform. Meanwhile,it comes to some conclusions,Russian finance reform has failed to promote economic development and run its function in market economy;liberalization is not the panacea for all countries and all circumstances,etc. Chapter 7 gives some comparison between Russia and China. Since both counties are in their transition period,there must be some similar problems between them. So we can gain valuable experience viaanalyzing Russian finance reform.