Russian Peculiarities of the World Financial Crisis
Abstract
In the article, the author reveals the main reasons caused speedy financial crisis extension in developed countries and Russia, analyses negative consequences of continuous ruble devaluation and suggests some steps to overcome the financial crisis in Russia.
Keywords:
Mortgage crises, financial crises, credit crises, securitization, financial markets, continuous ruble devaluation
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.