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1998 Russian Financial Bank Crisis

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... "in real trouble." Hart remembered that he "was rescued" from the immediate banking crisis in 1931 because he had transferred his funds for four million unemployed workers for $15/week. The Great Depression had led to one of the worst banking crisis in history, as the Great Crash had shortened banks' stable system of exchange that has predominated since the 1998 Russian bank defaults, steadily depreciating from 28 to to devastating banking runs. For the time being, at least, Roosevelt had averted a larger banking crisis. ~Pages 66-67: Used in background on the 1930 bank crisis. ~Pages 162-163: Used in background on unemployment statistics. ...



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Sources list for 1998 RUSSIAN FINANCIAL BANK CRISIS:

Wilmarth, Arthur E. "Chapter 4 Does Financial Liberalization Increase the Likelihood of a Systemic Banking Crisis? Evidence from the Past Three Decades and the Great Depression." Too Big to Fail : Policies and Practices in Government Bailouts /. Ed. Gup,
The Lessons of Enron

Balderston, Theo ( 1991), "'German banking between the wars: The crisis of the credit banks'", in Business History Review, 65.
The Economy of Nazi Germany

(FDIC, History of the Eighties --Lessons for the Future, Vol.1 "An Examination of the Banking Crisis of the 1980's and Early 1990's. Washington DC; FDIC, 1997 p. 236
Continental Illinois National Bank

Giron, Alicia and Eugenia Correa. "Global Financial Markets: Financial Deregulation and Crisis." International Social Science Journal. 51. 160. June 1999. Academic Search Premier. AUC lib. EBSCOhost.
IMF Reforms and the Mexican Financial Crash

Whitt, Joseph. "The Role of External Shocks in the Asian Financial Crisis." Federal Reserve Bank of Atlanta Economic Review. 2^nd Qtr. (1999): 18-31.
Global Debt Crises

 

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