To: lelio
August 98 was the ruble collapse. Russia defaulted on its national debt. Most major Russian banks became insolvent, because Russian government bonds were their primary asset.
9 posted on
12/10/2003 10:15:35 PM PST by
JasonC
To: JasonC
As you can see from the graphs, the state's solution the following year was to print the money it could no longer borrow...
10 posted on
12/10/2003 10:17:02 PM PST by
JasonC
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