The Russian Public Debt and Financial Meltdowns

Andrey Vavilov has done a splendid job of integrating modern macroeconomic theory with personal experience. Stunningly coherent, comprehensive and lively. It should be read by anyone who is serious about studying Russian economy.

Sovereign debt management has been a central issue in Russia's economic transformation. Andrei Vavilov provides an excellent and comprehensive account of the causes and implications of the evolution of Russian debt combining personal experience from one of the key players in managing Russian debt in 1990s with facts, data, and insights from macroeconomic theory. A must read for all interested in Russian economy.