The Economic Crisis in Russia: Fragility and Robustness of Globalisation
AbstractIt is now clear that the global economic crisis has hit the Russian economy. The resulting shock clearly shows not only the global economic imbalance but also the distinct characteristics of emerging Russian markets. The Russian economy already changed its structure under the high economic growth of the early to mid-2000s, and has since then become too sensitive to the global market and the oil price. However, the Russian markets involve the strong hand of the government, and the anti-crisis policy gives this hand constancy. The crisis process and the anti-crisis measures characterize the Russian market institutions. The current paper investigates the characteristics of the Russian markets under both the economic growth period and the crisis period, and offers perspective on the market transition.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 688.
Date of creation: Dec 2009
Date of revision:
Contact details of provider:
Postal: Yoshida-Honmachi, Sakyo-ku, Kyoto 606-8501
Web page: http://www.kier.kyoto-u.ac.jp/eng/index.html
More information through EDIRC
economic crisis; oil dollar; foreign capital; government; marketisation; transition; debts;
Find related papers by JEL classification:
- P50 - Economic Systems - - Comparative Economic Systems - - - General
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-10 (All new papers)
- NEP-CIS-2010-01-10 (Confederation of Independent States)
- NEP-ENE-2010-01-10 (Energy Economics)
- NEP-FDG-2010-01-10 (Financial Development & Growth)
- NEP-TRA-2010-01-10 (Transition Economics)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ryo Okui).
If references are entirely missing, you can add them using this form.