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Russia 1998 Revisited: Lessons for Financial Globalization

  • Pinto, Brian

    ()

    (World Bank)

  • Ulatov, Sergei

    ()

    (World Bank)

Registered author(s):

    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.

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    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP37.pdf
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    Article provided by The World Bank in its journal Economic Premise.

    Volume (Year): (2010)
    Issue (Month): 37 (October)
    Pages: 1-4

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    Handle: RePEc:wbk:prmecp:ep37
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    1. Gourinchas, Pierre-Olivier & Jeanne, Olivier, 2007. "Capital Flows to Developing Countries: The Allocation Puzzle," CEPR Discussion Papers 6561, C.E.P.R. Discussion Papers.
    2. Dungey, Mardi & Fry, Renee & Gonzalez-Hermosillo, Brenda & Martin, Vance, 2006. "Contagion in international bond markets during the Russian and the LTCM crises," Journal of Financial Stability, Elsevier, vol. 2(1), pages 1-27, April.
    3. Brian Pinto & Vladimir Drebentsov & Alexander Morozov, 2000. "Give Macroeconomic Stability and Growth in Russia a Chance," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(2), pages 297-324, July.
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