Can I read 1998 Russian Economic Crisis Overview on EtoBox?

1998 Russian Economic Crisis Overview by Chirantan Banik is a document available to read on EtoBox.

What is 1998 Russian Economic Crisis Overview about?

The 1998 Russian financial crisis was triggered in May 1998 and resulted in a devaluation of the ruble and a default on Russian sovereign debt. High interest rates contributed to declining GDP and living standards. While privatization had largely been completed, structural issues in transitioning to a market economy and government fiscal imbalances left Russia vulnerable to global financial market forces. When capital inflows declined, the country defaulted on its debt and was forced to devalue its currency

Author

Chirantan Banik

Language

EN