Sentences with phrase «russian debt crisis»
The Russian debt crisis hit soon afterward, and the CMBS market collapsed into much disarray.
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You may remember that as an uneventful little month containing the Russian debt crisis, a huge stock market drop and the beginning of the rapid end of hedge fund firm Long - Term Capital Management.
Easy availability of credit in the US, fueled by large inflows of foreign funds after the Russian debt crisis and Asian financial crisis of the 1997 — 1998 period, led to a housing construction boom and facilitated debt - financed consumer spending.
The latest credit rating upgrade for Russia, however, means that its debt is now rated more highly than it was prior to the Russian debt crisis in 1998.
Managing the Mexican and Russian debt crises of 1994 - 1995 and later the Asian financial crisis of 1997 - 1998 along with then - Fed Chair Alan Greenspan and former U.S. Treasury Secretary Robert Rubin is arguably the highlight of Summers» resume.
Not exact matches
In 1998 you had a rolling crisis of sorts where lots of little problems (emerging market debt scares) eventually boiled over into one bigger problem (the Russian default) and then appeared to be rolling over into foreign markets with the LTCM debacle.
It included the Asian crisis, the Russian debt default and the collapse of LTCM, large falls and large rises in oil prices.
There's no lack of commentators making comparisons between the Russian Federation's current tailspin and the country's 1998 debt crisis.
Russian leaders recently agreed to delay $ 3.5 billion of Venezuelan debt payments, but that break is unlikely to resolve the South American nation's debt crisis.
Witness the Latin American debt crisis that peaked in the early 1980s, the Asian contagion of 1997, the Russian default of 1998, the Argentine economic crisis of 1999 — 2002.
It is also important to note that the above decades include not only the major bear markets of 2000 - 02 and 2007 - 08, but also many numerous short - term corrections like the Russian default / LTCM crisis of 1998, the «flash crash» in May 2010, and the U.S. debt downgrade in August 2011.