Title
FAILURE OF SOVEREIGN RATINGS IN EMERGING MARKETS: THE CASE OF RUSSIA,Used
Delivery time: 8-12 business days (International)
The International Monetary Fund officially and unofficially argues that the Russian financial crisis in 1998 erupted due to the scarce liquidity, which lead the country to a default on its debt. At the same time, prior to the crisis, Russia was a seduction for investors because they gained a 150 yield on in 1997. It was believed that macroeconomic stability was taking roots in Russia since 1994 as inflation decreased, stock market was established and the stock index started to increase, and consumption was on a rise. Led by this neoclassical illusion, rating agencies, in particular Moodys and Standard and Poors, failed to consider microeconomic factors in Russia and qualitative parameters of a sovereign debt. This paper adopts neoclassical Balance Sheet approach to show the economy at the microeconomic level and classical economics principles of economic development to demonstrate that credit ratings do not adequately reflect country risk.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.