So what changed? The 1998 financial crisis and Russia's economic and political development

Research output: Contribution to journalArticlepeer-review

Abstract

At the time, the August 1998 financial crisis was described as a watershed in Russia's development. This article looks at the reasons the crisis had a minimal effect on Russia's economy and argues that the political effect of the crisis was more marked. The growth that has occurred in the Russian economy since 1998 may mean that a reoccurrence of crisis will not be as benign as the 1998 crisis turned out to be.

Original languageEnglish
Pages (from-to)245-259
Number of pages15
JournalDemokratizatsiya
Volume15
Issue number2
DOIs
Publication statusPublished - Mar 2007

Keywords

  • Financial crisis
  • Political economy
  • Russia
  • Virtual economy

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