Russia 1998 Revisited: Lessons for Financial Globalization

In 1998, the Russian Federation experienced one of the most severe emerging market crises of the 1997–2001 period. It occurred less than six months after the attainment of single-digit inflation, which was supposed to launch the economy onto a sustainable growth path. This note sets out why that occurred and discusses the lessons learned.

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Year of publication:	2010
Authors:	Pinto, Brian ; Ulatov, Sergei
Published in:	World Bank - Economic Premise. - Poverty Reduction and Economic Management Network (PREM). - 2010, 37, p. 1-4
Publisher:	Poverty Reduction and Economic Management Network (PREM)
Subject:	Russia \| globalization \| crisis \| inflation \| currency \| ruble \| 1998 \| savings \| financial market \| soviet

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; F5 - International Relations and International Political Economy ; P2 - Socialist Systems and Transitional Economies ; P3 - Socialist Institutions and Their Transitions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008837650