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SIKAKROM with Gideon DONKOR: Fragile stability: Lessons from Russia’s 1998 financial crisis

todayJanuary 19, 2026

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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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todayJanuary 19, 2026

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