Reasons and consequences of financial crises ein Russia over the past 30 years
Purpose and objectives of the study. The purpose of this study is to examine the reasons and consequences of financial crises in Russia over the past 30 years. The study aims to identify the root causes of the crises, analyze the effectiveness of policy responses, and evaluate the impact of the crises on the economy and society.
The specific objectives of the study are:
To review the literature on financial crises, including theories and models, and to identify the key factors that contribute to financial instability.
To conduct a comprehensive analysis of the four major financial crises that Russia has experienced since 1991 (i.e., 1998, 2008, 2014, and a hypothetical 2022 crisis), focusing on the root causes of each crisis, the effectiveness of policy responses, and the impact on the economy and society.
To evaluate the role of the government, central bank, and other relevant institutions in preventing and managing financial crises in Russia.
To provide recommendations for policymakers and financial institutions in Russia and other countries based on the lessons learned from the analysis of the financial crises.
To contribute to the understanding of the dynamics of financial crises and their implications for the global financial system, particularly in the context of Russia's economic and political significance.
1.1.Definition and types of financial crises. 5
1.2. Theories and models of financial crises. 7
1.3. Review of scientific papers on financial crises in Russia from 1991 to 2023. 9
Conclusion from the chapter 1: 12
2.1. The role of the government and central bank in preventing and managing financial crises. 13
2.2. The impact of macroeconomic factors on financial stability. 15
2.4. The importance of effective regulation and supervision of financial institutions. 19
3.2. Identification of the root causes of each crisis. 27
3.3. Analysis of the government's response and effectiveness of policy measures. 28
3.4. Evaluation of the impact of each crisis on the economy and society. 30
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