[No Precedent, No Plan: Inside Russia’s 1998 Default (The MIT Press)] [By: Gilman, Martin] [October, 2010]-nurbook

[No Precedent, No Plan: Inside Russia's 1998 Default (The MIT Press)] [By: Gilman, Martin] [October, 2010] book cover

[No Precedent, No Plan: Inside Russia's 1998 Default (The MIT Press)] [By: Gilman, Martin] [October, 2010]

Author(s): Martin Gilman (Author)

Publisher: The MIT Press
Language: English
ISBN-10: B0098SN8PY

Book Description

In 1998, President Boris Yeltsin’s government defaulted on Russia’s debtsand the country experienced a financial meltdown that brought its people to thebrink of disaster. In No Precedent, No Plan, Martin Gilman offers an insider’s viewof Russia’s financial crisis. As the senior representative of the InternationalMonetary Fund in Moscow beginning in 1996, Gilman was in the eye of the storm. Now, he tells the dramatic story of Russia’s economic evolution following the collapse ofthe Soviet Union and analyzes the 1998 crisis and its aftermath. Gilman argues thatthe default and collapse, although avoidable, actually spurred Russia to integrateits economy with the rest of the world’s and served as a harbinger of the recentglobal economic crisis. Gilman details the IMF’s involvement and defends it againstcriticism by economist Joseph Stiglitz and others. In the 1990s, the collapse of theSoviet Union left Russia in chaos, with a barely functioning government and noconsensus on the path toward a democratic and economic transformation. The smoothtransition to a market economy that had been accomplished in other countries inEastern Europe was impossible. Gilman describes the ordeal of the 1998 crisis andargues that the IMF helped Russia avoid an even greater catastrophe. He recountsRussia’s emergence from the IMF’s tutelage and explains how the shell-shockedRussian public turned to Vladimir Putin in search of stability after the trauma of1998. No Precedent, No Plan offers a definitive account–the first from an insider’sperspective–of Russia’s painful transition to a market economy.

View on Amazon

{“@context”:”https://schema.org”,”@type”:”Book”,”name”:”[No Precedent, No Plan: Inside Russia’s 1998 Default (The MIT Press)] [By: Gilman, Martin] [October, 2010]”,”image”:”https://m.media-amazon.com/images/I/410irNkQuYL._SY445_SX342_FMwebp_.jpg”,”author”:{“@type”:”Person”,”name”:”Martin Gilman (Author)”},”publisher”:{“@type”:”Organization”,”name”:”The MIT Press”},”inLanguage”:”English”,”description”:”In 1998, President Boris Yeltsin’s government defaulted on Russia’s debtsand the country experienced a financial meltdown that brought its people to thebrink of disaster. In No Precedent, No Plan, Martin Gilman offers an insider’s viewof Russia’s financial crisis. As the senior representative of the InternationalMonetary Fund in Moscow beginning in 1996, Gilman was in the eye of the storm. Now, he tells the dramatic story of Russia’s economic evolution following the collapse ofthe Soviet Union and analyzes the 1998 crisis and its aftermath. Gilman argues thatthe default and collapse, although avoidable, actually spurred Russia to integrateits economy with the rest of the world’s and served as a harbinger of the recentglobal economic crisis. Gilman details the IMF’s involvement and defends it againstcriticism by economist Joseph Stiglitz and others. In the 1990s, the collapse of theSoviet Union left Russia in chaos, with a barely functioning government and noconsensus on the path toward a democratic and economic transformation. The smoothtransition to a market economy that had been accomplished in other countries inEastern Europe was impossible. Gilman describes the ordeal of the 1998 crisis andargues that the IMF helped Russia avoid an even greater catastrophe. He recountsRussia’s emergence from the IMF’s tutelage and explains how the shell-shockedRussian public turned to Vladimir Putin in search of stability after the trauma of1998. No Precedent, No Plan offers a definitive account–the first from an insider’sperspective–of Russia’s painful transition to a market economy.”,”url”:”https://www.amazon.com/dp/B0098SN8PY/”,”bookFormat”:”http://schema.org/EBook”,”additionalType”:”http://schema.org/PDF”,”fileSize”:”19 MB”,”accessibilityFeature”:[“login required”,”member access only”],”accessibilitySummary”:”PDF version available to authenticated members only. File size: 19 MB.”}