Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

To Default or Not Default, That Is the Question.

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, January 16, 2001

There are more than sufficient foreign reserves among the assets of the Central Bank for the Russian government to meet its repayment schedule to the Paris Club, assuming that the government is willing to borrow from, or use some of its rubles to buy foreign currency from, the Bank. Thus far this year, the Russian government is resisting that step.