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I [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.
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ABSTRACT
In this study we try to explore the concept of financial crisis of Russia in a holistic context. The main focus of the research is on the Russian Economy and its relation with financial crisis of 1998. The research also analyzes many aspects of the Russian economy and tries to gauge its effect on the state. Finally the research describes various factors which are responsible for the financial crisis of Russian in 1998 and tries to describe the overall effect of crisis on the country's economy.
Table of Contents
ABSTRACTIV
CHAPTER 01: INTRODUCTION1
Background of the Study1
Purpose of the Study2
Problem Statement3
Objectives of the Study3
Significance of the Study3
Research Questions4
Limitations of the Study4
CHAPTER 2: LITERATURE REVIEW5
Determinants of Financial Crisis5
The New Government's Strategy to the Crisis10
Achievements of the Government Action17
Weak Financial System23
Diagnosis of the Situation and Predictable Scenarios27
CHAPTER 03: CONCLUSION36
Demonetized Economy38
The Face of Poverty41
Course on Poverty Reduction43
REFERENCES45
CHAPTER 01: INTRODUCTION
Background of the Study
Today, poverty is becoming an increasingly serious problem for those who are faced with numerous difficulties due to, for example, inadequate education, living in remote areas, and a large number of dependents. This change in specificity of the risks associated with poverty, a marked effect on social policy.
Analysis of panel survey data shows that half of Russian families in 1994-2003. Periodically provided below the poverty line, and 7% were in a state of chronic poverty. The turning point was 1998, when due to the financial crisis of poverty in Russia spread rapidly and reached unprecedented levels: by the beginning of 1999 more than 70 million people live on less than $ 4 a day in purchasing power parity. High rates of economic recovery, 1999-2002. Survived and now. As a result, during the period from 1998 to 2006, Russia's GDP increased by 57%, while real incomes - 65%. Unemployment fell from 14% in late 1998 to 8% at the end of 2003, reflecting an increase in employment of about 10 million people (almost 15% according to a survey of economic activity of the population) between 1998 and 2003. (Aghion 2000 38)
Economic recovery led to a marked decline in all poverty indicators. According to official statistics, the incidence of poverty since 1999 has consistently decreased. All-Russian monitoring of the economic situation and health of the population (RLMS) - the main alternative household survey gives a representative result on a national scale - showed that the proportion of Russian households categorized as poor indicators of per capita income and poverty level in 1992 in comparable prices fell from 38% in 1998 to approximately 10% in ...