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People say you never forget your first major experience. The first financial crisis I encountered in my professional life was the 1998 Russian debt default, which subsequently led to the bailout of Long-Term Capital Management. This event taught me that apparent stability founded on short-term borrowing and an overvalued currency is inherently fragile. Such situations […]
The post SIKAKROM with Gideon DONKOR: Fragile stability: Lessons from Russia’s 1998 financial crisis appeared first on The Business & Financial Times.
Source: thebftonline.com
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