Although the Russian crisis is inextricably linked to 1998, it began a little earlier in an "asymptomatic form". In November 1997, the ruble became the target of speculative attacks. Investors thought that the ruble was [...]

The last time Russia had such a significant impact on the financial markets in 1998, during the "Russian crisis". However, its economic effects on the world economy were much more serious than they are today. Now the problems [...]