IPD AI Icon ImageIPD AI

The Russian Federation: From Financial Pariah to Star Reformer

This paper’s focus is on the evolution of Russian debt since the breakup of the Soviet Union, the events leading to the debt crisis of 1998, its resolution, and how Russia rose to be a “star performer” among sovereign debtors.

Related Publications
Principal-agent models take outside options, determining participation and incentive constraints, as given.
Translate Website »