The economic consequences of the government crisis in Russia: the situation in the financial market

Article Abstract:

The article discusses the reaction of the market to the dismissal of the Russian Federation on March 23, 1998. Topics discussed include three phases of reaction which are panic, caused by people selling securities because of a drop in demand for them; stabilization, in which the Central Bank raised the rates on incoming ruble deposits to reduce the appeal of currency operations; and steady deterioration, during which the ruble fluctuated and trading volume reached a maximum for 1998.

Statistical Data Included, Economic aspects, Financial markets, Foreign exchange market, 1998 AD

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The collapse of the stabilization program and the imperative of transition to a mobilization model

Article Abstract:

The collapse of the Russian government's Program of Economic and Financial Stabilization is examined. Recommendations to the new government for the mobilization of economic policy are presented.

Economic policy, Financial management, Depressions, Economic depressions

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