The Russian Financial Crisis 1998

Описание: 🇷🇺 The Russian Financial Crisis of 1998 | Sovereign Default, Ruble Collapse & Global Contagion

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This lecture explains the Russian Financial Crisis of 1998, also known as the Ruble Crisis—one of the most significant sovereign debt crises of the post-Soviet era. Beginning with falling oil prices and mounting fiscal deficits, the crisis culminated in Russia’s default on domestic debt, a sharp ruble devaluation, and a collapse of its banking sector. We walk through the full timeline of events, the economic and political vulnerabilities that led to the crisis, and the global ripple effects that followed.

You’ll learn what triggered the collapse, why investor confidence evaporated, how the crisis spread to global markets, and how Russia eventually recovered with help from rising oil prices and fiscal adjustments. The lecture also covers the key actors involved—from the Russian government and IMF to international investors and Russian households.

This is an essential overview for students studying international finance, emerging markets, financial crises, or global macroeconomics.

🎓 Based on official course lecture notes by Mehmet F. Dicle, Ph.D.
📘 For educational purposes only.