Russian Economic Crisis

Abstract: This 28 page paper discusses the currency devaluation and economic crisis in Russia. Possible reasons for the current dire economy are discussed as are its effects on banks, securities, and restructuring and payments of debts to both domestic and foreign sources. The budget and labor problems are also discussed. The crisis did not really begin in the summer of 1998, in fact, it began years ago. Some of the history is also provided. Brief examples of the effects of the Russian currency devaluation and payment schedule on banks outside of Russia are provided. One illustration is included. Bibliography lists 17 sources.

Filename: Rusecocri.wps

Pages: 28

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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