Abstract
The Russian experience of reforming the economy in the 1990s gives an instructive example of mishandling macroeconomic policy which led to the August 1998 crisis, collapse of the financial markets, devaluation of national currency and shattered the myth of stabilization that had appeared in 1997.
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References
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Gavrilenkov, E. (2000). Permanent Crisis in Russia: Selected Problems of Macroeconomic Performance. In: Welfens, P.J.J., Gavrilenkov, E. (eds) Restructuring, Stabilizing and Modernizing the New Russia. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-57257-9_20
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DOI: https://doi.org/10.1007/978-3-642-57257-9_20
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