The Second Wave of 2012 – 2013 Crisis, or System Errors in Macroeconomic Policy of Ukraine and Russia

#7. Pandora’s Deceit
The Second Wave of 2012 – 2013 Crisis, or System Errors in Macroeconomic Policy of Ukraine and Russia

The economic crisis of 2009 – 2014 in Russia and Ukraine is not a result of the global financial crisis impact. The continuing deterioration of the Ukraine and Russia’s economies is caused primarily by inadequate macroeconomic policy, which cannot be optimal due to institutional character of its origin.

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