Russia and the Monetary Fund
journal contributionposted on 1996-01-01, 00:00 authored by Allan MeltzerAllan Meltzer
The news from Russia seemed to improve dramatically in the past year. Boris Yeltsin recovered from his ailments, was re-elected as president, agreed to let Nato expand(for a price), appointed a "reform" government, signed a peace treaty with Chechnya, and finally allowed enough reform to let the oil pipeline negotiations proceed. Is Russia now on its way, slowly, toward stability under democratic capitalism?