251. Russian Financial Crisis Assessment 1: August 20, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Russian capital markets were already in what George Soros described as a “financial meltdown in . . . its terminal phase” on August 12th. Since then, capital markets have deteriorated significantly in reaction to measures announced by the Russian Government on Monday, Aug. 17th (summarized in Section II below). IEWS is actively evaluating the nature and extent of the crisis and trying to project its likely course.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia