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 language | English |
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Pages (from-to) | 245-259 |
Number of pages | 15 |
Journal | Demokratizatsiya |
Volume | 15 |
Issue number | 2 |
DOIs | |
Publication status | Published - Mar 2007 |
Keywords
- Financial crisis
- Political economy
- Russia
- Virtual economy