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 periods. It occurred less than six months after the attainment of single-digit inflation, which was supposed to launch the economy onto a sus...
| Main Authors: | , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/10/12922661/russia-1998-revisited-lessons-financial-globalization http://hdl.handle.net/10986/10153 |
| Summary: | 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. |
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