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A Fistful of Rubles
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About the Author

Juliet Johnson is Professor of Political Science at McGill University. She is the author of Priests of Prosperity: How Central Bankers Transformed the Postcommunist World and A Fistful of Rubles: The Rise and Fall of the Russian Banking System, both from Cornell, and former editor of the Review of International Political Economy (2007-2014).

Reviews

"Juliet Johnson's excellent study examines Russian banking in the ten years from Gorbachev's first steps toward liberalization to the Russian financial collapse of 1998... A particularly interesting aspect of Johnson's account is her discussion of the relation between markets, economic development, and democracy... A Fistful of Rubles will be welcomed by students of Russia, transition economics, and banking and finance, and should be compulsory reading for central bankers."-Mark Harrison, University of Warwick. Harvard Business School, Business History Review, Fall 2001 "This book provides an insightful and comprehensive account of the evolution of the Russian banking industry... Johnson makes an important contribution to understanding the political economy of post-Communist transformations, and I recommend that anyone interested in these issues read her insightful work."-Andrew Spicer, University of Californa at Riverside. The Russian Review, Vol. 61, January 2002 "Juliet Johnson's A Fistful of Rubles is an impressive example of empirical research and graceful writing on a subject of central importance to postcommunist studies...This work is essential reading for scholars and policy makers concerned with the transformation of postcommunist political economies. And any future studies of the Russian financial system will have to begin with this book."-Andrew Barnes, Kent State University. Comparative Political Studies, Vol.34, No.10, December 2001 "The great strength of this book is in giving precise detail on how the diverse parts of the banking sector developed."-Martin Myant, University of Paisley. Europe-Asia Studies, Vol. 53, No. 6, 2001 "Drawing on interviews with Russian bankers, policy-makers, and entrepreneurs, the author traces the evolution of the 'reformed' Russian banking system from 1987 through the aftermath of the 1998 crash."-Business Horizons, January-February 2003 "A Fistful of Rubles is a first-rate book and a much-needed look at a sector that, more than any other, defined the Russian 1990s. It is also a rollicking tale, vividly told...One can only hope that Juliet Johnson ill continue to chronicle the evolution of post-Soviet Russia and that see will give us more books as excellent as her first one."-Thane Gustafson, Georgetown University, Slavic Review, Vol. 61 No. 2, Summer 2002 "One of the most puzzling conundrums of Russia's post-Soviet transition for many Westerners has been how policies tried and found true elsewhere should produce such unexpectedly hapless outcomes. Juliet Johnson's A Fistful of Rubles finds an answer in a concise and telling exploration of the aberrant interaction among misdirected Western-inspired economic policy, Soviet-era institutional legacies, parasitic banks, and sordid politicians. A must read for anyone trying to understand how Russia turned out the way that it did."-Blair A. Ruble, Director, Kennan Institute, Woodrow Wilson Center "Beautifully and even artistically written, A Fistful of Rubles demonstrates painstaking research on a crucial, yet neglected, topic. Pathbreaking, highly topical, and filled with original insight, there is nothing like it in the current literature."-Stephen E. Hanson, University of Washington "Juliet Johnson presents a compelling account of how institutional legacies combined with misguided state policies to bring the Russian banking system to ruins. A Fistful of Rubles provides a compelling example of how careful empirical research and original analytic insights can be elegantly combined with the best writer's craft. A bold argument, beautifully composed."-David Stark, Columbia University

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