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Russia and the Global Financial Crisis

Author

Listed:
  • Alexei Kudrin

    (Gaidar Institute for Economic Policy)

Abstract

The present financial crisis is a further link in the chain of crises widely described in economics literature. As recently as in the 1990s the global economy was affected by a number of crises which had an impact on several whole groups of countries. In 1992-1993 several countries of the European Union (United Kingdom, Italy, Sweden, Norway and Finland) suffered currency crises. In 1994-1995 a severe crisis which had started in Mexico expanded to other countries in Latin America. In 1997-1998 a global financial crisis began in the countries of Southeast Asia (Korea, Malaysia, Thailand, Indonesia, Philippines), and then spread to Eastern Europe (Russia and several countries of the former USSR) and Latin America (Brazil).

Suggested Citation

  • Alexei Kudrin, 2013. "Russia and the Global Financial Crisis," Working Papers 0081, Gaidar Institute for Economic Policy, revised 2013.
    • Handle: RePEc:gai:wpaper:0081
    as

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    File URL: https://www.iep.ru/files/RePEc/gai/wpaper/0081Kudrin.pdf
    File Function: Revised version, 2013
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    More about this item

    Keywords

    financial crisis; Russian economy.;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization

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