Russia 1998 Revisited: Lessons for Financial Globalization

Brian Pinto () and Sergei Ulatov ()
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Brian Pinto: World Bank
Sergei Ulatov: World Bank

World Bank - Economic Premise, 2010, issue 37, 1-4

Abstract: 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.

Keywords: Russia; globalization; crisis; inflation; currency; ruble; 1998; savings; financial market; soviet (search for similar items in EconPapers)
JEL-codes: E2 E6 F5 P2 P3 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:prmecp:ep37

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