The Russian Financial Crisis of 1998

A historical look at the financial crisis in Russia in the lat 1990’s and how it effected the region.

The paper will emphasize the particular significance of a Russian financial collapse, not so long after Glasnost and the introduction of a capitalist economy. The 1998 crisis was taken very seriously by international financial institutions, in view of Russia’s economy being the most developed and promising of those emerging from the former Soviet bloc.