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Crisis Within the Crisis


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  • N. Shmelev
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    This fall is clearly the most difficult and most dangerous period of all the years of radical economic reforms being experienced by Russia. Collapse, the possibility—or rather, the inevitability—of which has long been predicted by many both here and abroad, has finally happened. The "avalanche" has started to move and headed downward, burying the country's entire monetary and financial system beneath it. The question today is whether this "avalanche" can be stopped halfway, or whether it will go all the way to the bottom, turning the Russian economy into a heap of rubble.

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    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Problems of Economic Transition.

    Volume (Year): 41 (1999)
    Issue (Month): 10 (February)
    Pages: 74-91

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    Handle: RePEc:mes:prectr:v:41:y:1999:i:10:p:74-91

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