RaboResearch - Economic Research

Economic Report

The Russian Crisis 1998

Russia’s fixed exchange rate regime together with its fragile fiscal position appeared to be unsustainable in the course of 1998. By then an outbreak of a severe banking, currency and sovereign debt crisis could not be prevented.

Country Report

Country Report Turkey

Turkey’s large current account deficit and its small stock of foreign reserves make it vulnerable to the effects of tapering by the US Federal Reserve. Meanwhile, there have also been several important political developments.