Publication:
Russia 1998 Revisited : Lessons for Financial Globalization

dc.contributor.author Pinto, Brian
dc.contributor.author Ulatov, Sergei
dc.date.accessioned 2012-08-13T10:34:21Z
dc.date.available 2012-08-13T10:34:21Z
dc.date.issued 2010-10
dc.description.abstract 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. en
dc.identifier http://documents.worldbank.org/curated/en/2010/10/12922661/russia-1998-revisited-lessons-financial-globalization
dc.identifier.uri http://hdl.handle.net/10986/10153
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Economic Premise; No. 37
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ARREARS
dc.subject ASSET STRIPPING
dc.subject AUCTIONS
dc.subject BAILOUT
dc.subject BAILOUTS
dc.subject BALANCE-OF-PAYMENTS CRISES
dc.subject BASIS POINTS
dc.subject BOND YIELD
dc.subject BUDGET BALANCE
dc.subject CAPITAL FLOWS
dc.subject CENTRAL BANK
dc.subject CENTRAL PLANNING
dc.subject CORPORATE GOVERNANCE
dc.subject DEBT BURDEN
dc.subject DEBT CRISIS
dc.subject DEBT ISSUANCE
dc.subject DEBT OBLIGATIONS
dc.subject DEBT SWAPS
dc.subject DEFICITS
dc.subject DEVALUATION
dc.subject DEVELOPING COUNTRIES
dc.subject DISBURSEMENT
dc.subject DOMESTIC CURRENCY
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC OUTCOMES
dc.subject ECONOMIC POLICY
dc.subject ECONOMIC RESEARCH
dc.subject ECONOMIC VOLATILITY
dc.subject EMERGING MARKET
dc.subject ENTERPRISE RESTRUCTURING
dc.subject EUROBOND
dc.subject EXCHANGE-RATE
dc.subject EXPENDITURE
dc.subject EXTERNAL DEBT
dc.subject FEDERAL RESERVE
dc.subject FEDERAL RESERVE BANK
dc.subject FINANCIAL ENGINEERING
dc.subject FINANCIAL LIBERALIZATION
dc.subject FINANCIAL SITUATION
dc.subject FINANCIAL STABILITY
dc.subject FINANCIAL SYSTEM
dc.subject FISCAL DEFICIT
dc.subject FISCAL DEFICITS
dc.subject FIXED EXCHANGE RATE
dc.subject FOREIGN EXCHANGE
dc.subject FOREIGN EXCHANGE RESERVES
dc.subject FOREIGN PORTFOLIO
dc.subject FOREIGN PORTFOLIO INVESTMENT
dc.subject FORWARD RATES
dc.subject GDP
dc.subject GLOBALIZATION
dc.subject GOVERNMENT DEBT
dc.subject GROWTH RATES
dc.subject HEDGE FUND
dc.subject HOLDING
dc.subject INFLATION
dc.subject INTEREST PARITY
dc.subject INTEREST PAYMENTS
dc.subject INTEREST RATE DIFFERENTIALS
dc.subject INTEREST RATES
dc.subject INTERNATIONAL BOND
dc.subject INTERNATIONAL BOND MARKETS
dc.subject LIQUIDITY
dc.subject LOAN
dc.subject LOCAL CURRENCY
dc.subject LONG-TERM CAPITAL
dc.subject LONG-TERM CAPITAL MANAGEMENT
dc.subject MACROECONOMIC CRISES
dc.subject MACROECONOMIC ENVIRONMENT
dc.subject MACROECONOMIC STABILITY
dc.subject MACROECONOMIC STABILIZATION
dc.subject MARKET CONFIDENCE
dc.subject MARKET ECONOMY
dc.subject MARKET INVESTORS
dc.subject MONETARY FUND
dc.subject MONETARY POLICY
dc.subject MONIES
dc.subject MORAL HAZARD
dc.subject NOMINAL EXCHANGE RATE
dc.subject NONPAYMENTS
dc.subject OUTSTANDING DEBT
dc.subject OUTSTANDING STOCK
dc.subject PEG
dc.subject PORTFOLIO
dc.subject POVERTY REDUCTION
dc.subject PRIVATE INVESTORS
dc.subject PRIVATIZATION
dc.subject PUBLIC FINANCES
dc.subject RATE OF DEPRECIATION
dc.subject REAL APPRECIATION
dc.subject REAL EFFECTIVE EXCHANGE RATE
dc.subject REAL EXCHANGE RATE
dc.subject REAL GDP
dc.subject REAL INTEREST
dc.subject REAL INTEREST RATE
dc.subject REAL INTEREST RATES
dc.subject RENEGOTIATION
dc.subject RESERVES
dc.subject RETURN
dc.subject RISK PREMIUM
dc.subject SEIGNIORAGE
dc.subject SENIOR DEBT
dc.subject SETTLEMENTS
dc.subject SHORTFALLS
dc.subject SOLVENCY
dc.subject SOLVENCY PROBLEMS
dc.subject SOVEREIGN BOND
dc.subject SOVEREIGN DEBT
dc.subject SOVEREIGN RISK
dc.subject SPECULATIVE ATTACK
dc.subject SPECULATIVE ATTACKS
dc.subject STOCK MARKET
dc.subject SURPLUSES
dc.subject SUSTAINABLE GROWTH
dc.subject SWAP
dc.subject TAX
dc.subject TAX ARREARS
dc.subject TAX RATE
dc.subject TELECOMMUNICATIONS
dc.subject TREASURY
dc.subject TREASURY BILL
dc.subject TREASURY BILLS
dc.subject TURBULENT PERIOD
dc.subject VIRTUOUS CYCLE
dc.subject WEAK CORPORATE GOVERNANCE
dc.subject YIELD SPREAD
dc.title Russia 1998 Revisited : Lessons for Financial Globalization en
dspace.entity.type Publication
okr.date.disclosure 2010-10-27
okr.doctype Publications & Research :: Brief
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2010/10/12922661/russia-1998-revisited-lessons-financial-globalization
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000333038_20101028012730
okr.identifier.internaldocumentum 12922661
okr.identifier.report 57552
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/10/28/000333038_20101028012730/Rendered/PDF/575520BRI0Box31mise0No103701PUBLIC1.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Russian Federation
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Private Sector Development :: Emerging Markets
okr.topic Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic Economic Theory and Research
okr.topic Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.topic Macroeconomics and Economic Growth
okr.unit Macroeconomics 3 (ECSP3)
okr.volume 1 of 1
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