俄罗斯两次金融危机的比较分析

A comparative analysis of the two financial crises on Russia

通过俄罗斯两次金融危机的比较可以发现,1998年金融危机爆发的根源是大规模的财政赤字,并且与俄罗斯脆弱的银行体系和外资大量流出密切相关。而2008年金融危机的爆发则明显带有世界性特征,美国金融危机严重影响了俄罗斯的能源出口,外资大量撤离使卢布贬值,企业和银行普遍面临流动性短缺。俄罗斯应当充分吸取两次金融危机的教训,调整金融自由化战略,并以治理金融危机为契机,调整国内产业结构,摆脱经济对能源的过度依赖。

Through a comparison of Russia's two financial crises,one can find that the one in 1998 was rooted in massive financial deficits and closely connected with the fragile Russian banking system and massive exodus of foreign investment.On the other hand,the one in 2008 was of an apparent worldwide nature.The US financial crisis seriously affected the exports of Russian energy and the removal of foreign investments caused devaluation of the rubles with enterprises and banks facing a general lack of fluidity.Russia should draw a good lesson from the two financial crises,readjust its financial liberalization strategy and,taking the governance of financial crisis as an opportunity,readjust domestic industrial mix and extricate from the overdependence of its economy on energy.