Publication: Russia 1998 Revisited : Lessons for Financial Globalization
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 lessons learned.
“Pinto, Brian; Ulatov, Sergei. 2010. Russia 1998 Revisited : Lessons for Financial Globalization. Economic Premise; No. 37. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/5a470919-71ca-5441-8ddd-54f206db6f84 License: CC BY 3.0 IGO.”