The Economic Premise series summarizes good practices and key policy findings on topics related to economic policy. They are produced by the Poverty Reduction and Economic Management (PREM) Network Vice-Presidency of the World Bank.
(World Bank, Washington, DC, 2010-10) Pinto, Brian; Ulatov, Sergei
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