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The Russian political system remains subject to sudden radical change--this has been the basic logic of its political history since 1985. Only by understanding the processes and logics of that recent history of change can one understand the present and the (possibly radically different) future. In December 1991 Boris Yeltsin, president of the Russian Soviet Federated Socialist Republic (the USSR's largest republic, known as RSFSR), joined Stanislav Shushkevich of Belarus and Leonid Kravchuk of Ukraine in dissolving the Soviet Union and replacing it with the ill-defined Commonwealth of Independent States (CIS). The RSFSR was transformed into the Russian Federation, and the process of political transformation and state building was under way, and it continues apace.

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Cover -- CONTENTS -- THE STATE'S FOOTPRINT IN THE ECONOMY -- A. Introduction -- B. A Review of Available Data -- C. Measuring the Size of the Russian State -- D. State's Size and its Footprint -- E. Summary and Policy Implications -- FIGURES -- 1. The Russian State Size: Cross Country Comparison -- 2. Economic Performance and State Ownership -- TABLES -- 1. Estimated Public Sector Finances Overview, 2012 -- 2. The State's Share -- 3. Market Concentration and State Ownership -- References -- THE ROLE OF THE STATE IN THE RUSSIAN BANKING SECTOR -- A. Introduction -- B. Russia's Banking Sector: Bird's Eye View -- C. Assessing Banking Sector Efficiency: Data Envelopment Analysis (DEA) -- D. Measuring Competition: A Non-Structural Approach -- E. Summary and Policy Implications -- FIGURES -- 1. Asset and Loans -- 2. Loan Book and Capitalization -- 3. Net Interest Margins and Default Rates -- 4. Efficiency Scores of Top 10 Banks Across Countries -- 5. Efficiency Scores of Largest Russian Banks Across Time -- 6. Individual Efficiency Scores of Largest Russian Banks Across Time -- 7. Individual Efficiency Scores of Largest Russian Banks Across Models -- TABLES -- 1. Top Banking Groups in Russia -- 2. Capital Ratio: Cross-Country Comparison -- 3. Profitability: Cross-Country Comparison -- 4. Number of Credit Institutions Included in the Analysis -- 5. H-Statistics by Type of Ownership -- 6. Hypothesis Testing for H-Statistics -- 7. H-Statistic by Asset Size -- 8. H-Statistics for the Brazilian Banking Sector -- 9. H-Statistics for the Indian Banking Sector -- 10. Comparison of H-Statistics for SOBs in Russia, India, and Brazil -- References.