What is it about?
The paper tries to outline research agenda on the current crisis in Russian economy and argues that the mechanism combines negative foreign trade shock and outflow of capital. There are similarities with the financial crises in South East Asia in 1997-1999 and therefore the third generation currency crises models can be theoretically and empirically a useful tool for understanding of current developments in Russia,
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Why is it important?
The methodological view of current development in Russia is new to the literature and the adequate understanding is key to search of fruitful paths for crisis resolution.
Perspectives
The views expressed in the paper are subject to discussion and further rigorous research but they might be good start for choosing right way in the research.
Dr. Mikhail Sherstnev
Samara State Economic University
Read the Original
This page is a summary of: The Nature of Crisis Phenomena in the Russian Economy, Problems of Economic Transition, April 2016, Taylor & Francis,
DOI: 10.1080/10611991.2016.1222805.
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