Cover; Contents; List of Figures, Tables, and Boxes; Acknowledgements; Introduction; 1 The External Debt Crisis of the 1990s; 2 The Domestic Financial System and Inflation; 3 Virtual Economy and Fiscal Crisis; 4 The Risks of Domestic Debt Expansion; 5 The Causes of the Russian Financial Crisis of 1998; 6 The Debt Crisis and Default; 7 Recovery After the Crisis; 8 Yet Another Crisis, 2008-2009; Notes; References; Index
Summary
This book examines history of Russian finances in the period of Russia's transition from communism to capitalism in the 1990s and in the current decade. It focuses on obstacles to market reforms and macroeconomic policy choices that resulted in the state debt expansion and the financial crisis of 1998
