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Journal of Economic Literature - Book Review

JEL Volume. 49, Issue 4 | leftPrevious Review Next Review right

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Book(s) Reviewed

No Precedent, No Plan: Inside Russia's 1998 Default by Martin Gilman

Published By: Cambridge, Mass. and London: MIT Press
ISBN: 978-0-262-01465-6
Date of Publication: 2010


Book Review Detail

Reviewed by: Anders Aslund of Peterson Institute for International Economics
Review DOI: 10.1257/jel.49.4.1230.r26
Review Pages: 1307-08

Book Review Abstract

Anders Aslund of Peterson Institute for International Economics reviews "No Precedent, No Plan: Inside Russia's 1998 Default" by Martin Gilman. The EconLit abstract of the reviewed work begins, "Considers whether the Russian government default on its domestic financial obligations in August 1998, and the subsequent economic collapse, were inevitable and examines the legacy of that crisis on subsequent Russian economic policy. Discusses Russia and the International Monetary Fund (IMF); growing IMF involvement; whether Russia seems to be turning a corner; hope disappointed; how a possible crisis becomes probable; how a probable crisis then becomes unavoidable; the surprising postcrisis recovery; the friendly divorce; the legacy of the crisis; and whether history is doomed to repeat itself. Gilman is Professor of Economics at Russia's Higher School of Economics. Index."


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Book Review Authors

Anders Aslund of Peterson Institute for International Economics


JEL Classifications

E44: Financial Markets and the Macroeconomy
P21: Socialist Systems and Transitional Economies: Planning, Coordination, and Reform
P24: Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; Inflation
P34: Socialist Institutions and Their Transitions: Financial Economics


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