1.

Record Nr.

UNINA9910493702803321

Autore

Melloni Nicola

Titolo

Market without economy : the 1998 Russian financial crisis / / Nicola Melloni ; with a foreword by Eiji Furukawa

Pubbl/distr/stampa

Stuttgart, Germany : , : Ibidem-Verlag, , 2014

©2014

ISBN

3-8382-5407-4

Descrizione fisica

1 online resource (156 p.)

Collana

Soviet and Post-Soviet Politics and Society, , 1614-3515

Disciplina

330.947

Soggetti

Financial crises - Russia (Federation)

Banks and banking - Russia (Federation)

Electronic books.

Russia (Federation) Economic policy 1991-

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""List of Tables""; ""List of Figures""; ""Acknowledgements""; ""Foreword""; ""Introduction""; ""I The Russian Stabilisation Programme""; ""I.1 Initial Considerations""; ""I.2 The Case of Russia""; ""I.3 Macroeconomic Aspects""; ""Monetary Policy""; ""Fiscal Policy""; ""I.4 The Microeconomics of Stabilisation""; ""I.5 Conclusions""; ""II Russian Default and Financial Crisis Theory""; ""II.1 Theoretical Background""; ""First Generation Model""; ""Second Generation Model""; ""Third Generation Model""; ""The Contagion Effect""; ""II.2 The Russian Financial Crisis""

""Literature Review""""Setting the Stage: What Was Happening in 1998""; ""The Crisis Itself""; ""II.3 Conclusion""; ""III The Aftermath of the Crisis""; ""III.1 Introduction""; ""III.2 Growth and Inflation""; ""III.3 Microeconomic Effects of the Crisis""; ""III.4 Public Finances""; ""III.5 Final Considerations""; ""Conclusions""; ""Appendix""; ""Bibliography""

Sommario/riassunto

The 1998 financial crisis in Russia was one of the most dramatic economic breakdowns and symbolized the failure of the transition process as it had been conducted since the end of the Soviet Union. There is no general agreement on the nature of the rouble collapse; a number of contradictory interpretations have been discussed among



economists. This book argues that the Russian 1998 financial turmoil is best predicted by Krugman's and Sargent-Wallace's models. The currency collapse had its origins in the peculiar way in which the transition was managed. In particular, the Russian government bec