This paper provides a unified analysis for the onset of the 1998 financial crisis and the strong economic recovery afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence of a lemons credit market and high government...

The specificity of the current crisis / Alexandre Lamfalussy -- Causes, effets et leçons de la crise financière / Jean De Ruyt -- La crise financière de 2008 : une perspective historique / Youssef Cassis -- La faute à Voltaire ou à Rousseau? : la responsabilité des banques et des...