Russia 1998 Revisited : Lessons for Financial Globalization

• Tác giả: Brian Pinto
• Ngôn ngữ: eng
• Ký hiệu phân loại: 020.94 Library and information sciences
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 301926
• Chủ đề: 1. ARREARS; 2. ASSET STRIPPING; 3. AUCTIONS; 4. BAILOUT; 5. BAILOUTS

Tóm tắt

In 1998, the Russian Federation experienced one of the most severe emerging market crises of the 1997-2001 periods. 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.