Stuck in Transit: Rethinking Russian Economic Reform - Softcover

9781898128441: Stuck in Transit: Rethinking Russian Economic Reform

Softcover

ISBN 10: 1898128448 ISBN 13: 9781898128441

Publisher: Centre for Economic Policy Research, 2000

On August 17, 1998, the Russian economy was finally punished for the delays in reforms, the lack of fiscal discipline and the overvalued exchange rate: the government was forced to devalue the ruble and default on its debt obligations. This Report discusses the policy options for rebuilding the Russian economy in the light of those traumatic events, their underlying causes and the deep flaws they exposed in the process of reform. The Report draws on new work by economic researchers at the Russian European Centre for Economic Policy (RECEP) in association with a range of top international scholars. It explores the long-term policy challenges in key areas of the Russian economy, including fiscal and monetary policy, the labor market, the financial sector, industrial restructuring and the barter economy.

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Synopsis

This text discusses the policy implications of academic research presented at an international conference on the Russian economy hosted by the Russian European Centre for Economic Policy in June 1998. It describes the long-term reform challenges in key areas of the Russian economy and comments on Russia's future reform path in light of the economic climate.

About the Author

Erik Bergloef is the Chief Economist and Special Adviser to the President at the European Bank for Reconstruction and Development (EBRD). Romesh Vaitilingam is an independent writer and consultant.

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