Myths and Lessons of the August crisis

Article Abstract:

This article discusses the debate among authorities and academics about the cause of the Russian financial crisis that culminated in August of 1998. The authors attempt to determine if debt, currency, budget, investment or banking crises was the "basic" crisis; what the most important cause may have been; whether the debt and monetary policy in the spring of 1998 lead to the devaluation of the ruble; why hyperinflation, followed by a drop in the ruble exchange rate and a crash of the economy did not occur as predicted; and reasons for the turn in production and economic growth, which was not predicted.

Statistical Data Included, Analysis, Influence, Economic policy, Economic development, Crisis management, Capitalism, Central planning

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How the Russian financial crisis was organized

Article Abstract:

The author examines the monetary, credit and currency policies of the Central Bank between 1995-98 as it pertains to the Russian financial crisis of August 1998. It also examines the relationship and agreements between Russia and the International Monetary Fund in July 1998.

International Monetary Fund, Russian foreign relations, International economic relations

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How the Russian financial crisis was organized

Article Abstract:

The Russian financial crisis beginning in August 1998 is examined as the most grievous cataclysmic event since the fall of communism in 1991. Specific features of the financial crises, including Russia's budget policy between 1992-98, are analyzed.

Economic aspects

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