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Russian financial crisis (2014–2016) Annual percentage GDP growth rate of Russia, 2008–2017. Yearly inflation in Russia since 2008. Capital outflow from Russia, billions of USD. The financial crisis in Russia in 2017 (from 2014) [1] [2] was the result of the sharp devaluation of the Russian rouble beginning in the second half of 2014.
The crisis was praised by James Cook, the senior vice president of The U.S. Russia Investment Fund, on the basis that it taught Russian bankers to diversify their assets. [ 22 ] Economist Anders Åslund credits the 1998 financial crisis with providing the decisive push towards real market economy in Romania and most of the post-Soviet countries ...
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.
Russia defaulted on part of its foreign currency denominated debt on 27 June 2022, because of funds being stuck in Euroclear. [1] This was its first such default since 1918, back then it was just ruble -denominated bonds, not foreign currency debt. [2] [3] Before that, on 2 June, Russia defaulted on the 30-day interest, incorrectly not counting ...
In financial economics, a liquidity crisis is an acute shortage of liquidity. Liquidity may refer to market liquidity (the ease with which an asset can be converted into a liquid medium, e.g. cash), funding liquidity (the ease with which borrowers can obtain external funding), or accounting liquidity (the health of an institution's balance sheet measured in terms of its cash-like assets).
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
The BRICS Contingent Reserve Arrangement ( CRA) is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures. [1] It was established in 2015 by the BRICS countries: Brazil, Russia, India, China and South Africa.
Nov. 25, 2008: News that an additional $800 billion in federal funds is available to increase financial-system liquidity fails to offset news of a 0.5% GDP decline. The Dow closes at 8,479.47, up ...