Abstract
The August 1998 debt crisis revealed the fragility of the Russian transformation process. In particular, it showed that the budget squeeze is one of Russia’s major problems. In fact, in 1998 the total federal budget in Russia (in dollar terms) has shrunk in magnitude to the government budget of the Irish Republic.
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Bohn, F. (2000). The Rationale for Seigniorage in Russia — A Model-Theoretic Approach. In: Welfens, P.J.J., Gavrilenkov, E. (eds) Restructuring, Stabilizing and Modernizing the New Russia. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-57257-9_13
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DOI: https://doi.org/10.1007/978-3-642-57257-9_13
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