14. De l’explosion de la dette publique au défaut. Anatomie de la crise russe de 1998

Jacques Sapir

Regards croisés sur l'économie, 2015, vol. n° 17, issue 2, 215-226

Abstract: The 1998 financial crash in Russia is a product of the specific dysfunctions of an emerging economy but also of a specific Russian curse, of collusion and collision with the American policy. The crash was caused by the Russian government inability to collect taxes but also by a deeply flawed macroeconomic policy. It was triggered by the Asian crisis of 1997 and a sharp problem of budget deficit. A devaluation of the ruble and a default on Russian public debt were necessary to make the way out of the crisis possible.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RCE_017_0215 (application/pdf)
http://www.cairn.info/revue-regards-croises-sur-l-economie-2015-2-page-215.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:rcedec:rce_017_0215

Access Statistics for this article

More articles in Regards croisés sur l'économie from La Découverte
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().