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Article | Journal of Communist Studies and Transition Politics | June 2003

Contested Currency: Russia's Ruble in Domestic and International Politics

by Rawi Abdelal

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Keywords: Currency; Government and Politics; Russia;

Format: Print 22 pages Find at Harvard

Citation:

Abdelal, Rawi. "Contested Currency: Russia's Ruble in Domestic and International Politics." Journal of Communist Studies and Transition Politics 19, no. 2 (June 2003): 55–76. (Reprinted in Perspectives on the Russian State in Transition, ed. Wolfgang Danspeckgruber. Princeton, N.J.: Woodrow Wilson School of Public and International Affairs, 2006, pp. 197-219.)

About the Author

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Rawi E. Abdelal
Herbert F. Johnson Professor of International Management
Business, Government and the International Economy

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More from the Author

  • Case | HBS Case Collection | November 2018 (Revised January 2019)

    The Rise of Populism and Italy's Electoral 'Tsunami'

    Rawi Abdelal, Dante Roscini and Elena Corsi

    Italy’s March 2018 elections led to a populist government which included the right-wing League and the anti-establishment 5 Star Movement. To respect their electoral promises, the two parties came up with a budget plan which provided for a public deficit at 2.4%, a figure higher than what the previous administration had promised the EU Commission. On October 23, 2018, the EU Commission rejected such plan asking Italy to revise downwards the public deficit. The same day, Italian bond yields spoke to 4-year highs, up to 3.7% as investors questioned Italy’s capacity to repay its public long-term debt, the second highest in the EU. Would the Italian government be able to implement its plan?

    Keywords: globalized economies; unemployment; extremism; Political Elections; Immigration; Poverty; Social Issues; Government and Politics; Financial Condition; Financial Markets; Italy;

    Citation:

    Abdelal, Rawi, Dante Roscini, and Elena Corsi. "The Rise of Populism and Italy's Electoral 'Tsunami'." Harvard Business School Case 719-042, November 2018. (Revised January 2019.)  View Details
    CiteView DetailsEducators Related
  • Case | HBS Case Collection | October 2018

    Everybody Knows: Russia and the Election

    Rawi Abdelal, Rafael Di Tella and Galit Goldstein

    Following a contentious presidential race, Donald Trump’s 2016 election destabilized America’s status quo. Academics, journalists, politicians and the public at large examined why Trump had won. Many Americans, inside and outside the government, asserted that a state-led Russian disinformation campaign had influenced the election’s outcome. The leaders of major social media companies, including Twitter and Facebook, also conceded that state actors had probably gamed their platforms to influence American politics. Trump himself made conflicting statements, while Russian politicians asserted that American elites had rhetorically weaponized the issue of election interference to justify an unwillingness to work with their country internationally. It was hard to parse where reality ended and political rhetoric began. Post-election, the future of U.S.-Russia relations remained unclear, and the United States grappled with how to regulate cyberspace. Analyzing the 2016 election and its aftershocks helps students confront interrelated questions about business regulation, international relations, cultural identity, strategic communications, political will and the Internet. The case encourages students to consider the boundary between narrative and reality, and examine subjectivity, objectivity and power in the public and private sectors.

    Keywords: Strategic industry; strategic alliances (business); Business and Government; business and public policy; business and society; Media Businesses; media content; media slant; media regulation; social media; internet of everything; government policy; politics; political campaigns; political strategy; political turmoil; government; Government Regulation; Security; international business; International Relations; National Security; Political Elections; News; Media; Internet; Rights; Problems and Challenges; Globalization; Business and Community Relations; Business and Government Relations; Government Legislation; Risk and Uncertainty; Cognition and Thinking; Conflict and Resolution; Identity; Civil Society or Community; Culture; Public Opinion; Social Issues; War; Online Technology; Public Administration Industry; United States; Russia;

    Citation:

    Abdelal, Rawi, Rafael Di Tella, and Galit Goldstein. "Everybody Knows: Russia and the Election." Harvard Business School Case 719-012, October 2018.  View Details
    CiteView DetailsEducators Related
  • Case | HBS Case Collection | September 2012 (Revised August 2018)

    Doing Business in South Africa

    Rawi Abdelal, Catherine S. M. Duggan and Ian McKown Cornell

    Keywords: South Africa; South Africa;

    Citation:

    Abdelal, Rawi, Catherine S. M. Duggan, and Ian McKown Cornell. "Doing Business in South Africa." Harvard Business School Case 713-024, September 2012. (Revised August 2018.)  View Details
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