Who Lost Russia?

Graduate Institute of International Studies Working Paper, presented at the conference "Money Doctors" in Paris on December 14-16, 2000

Posted: 10 Feb 2001

See all articles by Nadezhda Ivanova

Nadezhda Ivanova

Bank of Russia

Charles Wyplosz

University of Geneva - Graduate Institute of International Studies (HEI); Centre for Economic Policy Research (CEPR)

Date Written: December 2000

Abstract

The Russian crisis which occurred in August 1998 represented the culmination of a long process marked by half-successes and serious setbacks. The paper reviews the factors which led to the collapse of the ruble and the default on the public debt. During the run up period, Russia was operating under an IMF program and was a recipient of large funds from the World Bank as well as from private investments. The paper evaluates the Fund's advice and the apparent blindness on foreign investors. It discusses the effect of foreign behavior and advice on Russia's policymakers' decisions.

Suggested Citation

Ivanova, Nadezhda and Wyplosz, Charles, Who Lost Russia? (December 2000). Graduate Institute of International Studies Working Paper, presented at the conference "Money Doctors" in Paris on December 14-16, 2000, Available at SSRN: https://ssrn.com/abstract=259164

Nadezhda Ivanova

Bank of Russia ( email )

12 Neglinnaya Street
Moscow, 107016
Russia

Charles Wyplosz (Contact Author)

University of Geneva - Graduate Institute of International Studies (HEI) ( email )

PO Box 136
Geneva, CH-1211
Switzerland
+41 22 908 5946 (Phone)
+41 22 733 3049 (Fax)

HOME PAGE: http://heiwww.unige.ch/~wyplosz

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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