Karolyi, G. Andrew (contributor); … - 2003 - [Elektronische Ressource]
devaluation and received a sizeable relief package from the IMF. In August 1998, Russia
simultaneously defaulted on its treasury … Fischer,
former deputy manager of the International Monetary Fund, in his David Finch Lecture at
the IMF in 1998, pointed …
3
Fischer had used the term two years earlier in rationalizing the IMF bailout of Mexico in 1995: “Of
course, there …