Publication: Russia 1998 Revisited : Lessons for Financial Globalization
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2010-10
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2012-08-13
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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.
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“Pinto, Brian; Ulatov, Sergei. 2010. Russia 1998 Revisited : Lessons for Financial Globalization. Economic Premise; No. 37. © World Bank. http://hdl.handle.net/10986/10153 License: CC BY 3.0 IGO.”
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