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Posted inEastern Europe & RussiaRegions

Condition the Cash

by Grigorii Yavlinskii Five years ago, the so-called reformers running Russia concluded that three things were essential for economic growth: a stable exchange rate, low inflation, and the re-election of Boris Yeltsin. The challenge was to achieve each as quickly as possible, after which the economic transformation would be largely secured. Yet it was only […]