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Several episodes at the end of fiscal year 2001 illustrate the systemic features of Russia’s post-Communist economy.
Terrorism has replaced economic and other issues as the top agenda item for the meeting between presidents Bush and Putin at the ranch.
The lead editorial in the November 12, 2001, issue of The Wall Street Journal is entitled "A Russian Revival."
Inadvertently, the authors and the readers of this web site have become participants in a scientific experiment.
Since the dissolution of the Soviet Union, the Russian ruble has had a bumpy ride. It has suffered periodic devaluations.
Since 1991, living standards in Russia have fallen by 47 percent.
Teetering on the verge of collapse, the Russian banking system is threatening to bring the entire Russian economy down with it. Hoover fellows Michael S. Bernstam and Alvin Rabushka argue that Russia’s banks need to be reformed, not bailed out.
Failing to fix Russia's banks risks further economic stagnation or decline and financial catastrophe.