Some are of the view that while a September lift off may not seem prudent, given market volatility, it may just be what the market needs in order to eliminate one element of uncertainty, after all, monetary policy has significant lags. 2.
The result is familiar from many other countries today: a large current account deficit, a heavily indebted and uncompetitive economy and an overextended banking sector. Then, the Soviet economy collapsed at the start of the 1990s.