IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpif/0504003.html
   My bibliography  Save this paper

Crise Financeira Russa

Author

Listed:
  • Bruno José Marques Pinto

    (Undergraduate School of Economics, Getulio Vargas Foundation Brazil)

  • Thais Machado de Matos Vilela

    (Undergraduate School of Economics, Getulio Vargas Foundation Brazil)

  • Ursula Silveira Monteiro de Lima

    (Undergraduate School of Economics, Getulio Vargas Foundation Brazil)

Abstract

Fundamental sources of the Russian financial crisis in 1998 are discussed. Focus is made on the time horizon of judgements concerning sustainability of the economic policy. It is argued that the macroeconomic policy pursued by the monetary authorities was not robust in a medium run, but, in the absence of external shocks was far from the crisis area, and required moderate, feasible modifications to be viable in a medium run. After the sharp deterioration in the terms of trade the previously pursued policy was no more sustainable even in a short run. The implications of the crisis were aggravated by the overly optimistic expectations by the monetary authorities of the near-term recovery in the terms of trade.

Suggested Citation

  • Bruno José Marques Pinto & Thais Machado de Matos Vilela & Ursula Silveira Monteiro de Lima, 2005. "Crise Financeira Russa," International Finance 0504003, EconWPA.
  • Handle: RePEc:wpa:wuwpif:0504003
    Note: Type of Document - pdf; pages: 16
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/if/papers/0504/0504003.pdf
    Download Restriction: no

    More about this item

    Keywords

    Russia; Financial Crisis; Crise Cambial;

    JEL classification:

    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpif:0504003. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.