What can a well-meaning group of American bankers, regulators, academics, and lawyers do to help Russia develop a banking system for its emerging market economy?

That was a question on the minds of 21 members of the Soviet-American Banking Law Working Group during a recent 10-hour flight to Moscow. We would be making a presentation at the Academy of National Economy titled, "The 1992 Moscow Conference on Banking: The Economic Role, Operation, and Regulation of Banks."

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