Posts by Juliet Johnson

Juliet Johnson 09-22-2017
(Russian Review) (Co-authored by David Woodruff) Abstract: Currency crises have been a recurrent feature of Russia's post-Soviet experience. This article examines three episodes of sudden and sharp ruble depreciation in 1998, 2008, and 2014–16. We examine these crises and their political consequences as iterative episodes in the Russian government's ongoing efforts to deal with its structural dependence on energy revenues and international capital flows....
Juliet Johnson 05-31-2016
Польша избежала понижения кредитного рейтинга Moody's, а последняя оценка ее экономической политики Международным валютным фондом является довольно мягкой. Несмотря на то, что националистическое правительство привлекло много негативного внимания в последнее время, оно может пойти по пути финансового национализма, который премьер-министр Виктор Орбан реализовал в Венгрии. Moody's заявил, что не будет следовать примеру S&P Global Ratings, который...
Juliet Johnson 03-14-2016
Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking...
Juliet Johnson 07-23-2015
In December 2014, Russia experienced the most significant drop in the ruble’s value since the financial crisis of August 1998—an event that proved devastating to then-president Boris Yeltsin’s government and its “oligarch” financiers. The December crisis encouraged pundits and scholars to make comparisons with 1998 and to wonder whether dire consequences might be in store for Vladimir Putin’s government as well. Yet despite certain similarities between...
Tags:
Juliet Johnson 12-19-2014
(The Globe and Mail) The Russian ruble has plummeted in value this week. A desperation central bank rate hike on Monday evening ensured future recession but failed to stem the ruble’s rout. Western leaders can be forgiven for experiencing schadenfreude as their Russian nemesis, President Vladimir Putin, faces the prospect of his country’s imminent economic collapse. Yet true financial meltdowns have far-reaching, unpredictable, and often nasty...
Tags:
Juliet Johnson 06-14-2013
The BRICS states—Brazil, Russia, India, China, and South Africa—have increasingly sought to develop and diversify the international monetary system in ways that do not rely on dialogue with the system’s traditional powers. They are now using the BRICS forum to reinforce economic cooperation among themselves and to create alternatives and work-arounds to existing international institutions. Russia’s official “Concept of the Russian Federation’s...

About the author

Professor of Political Science; Director of the Jean Monnet Centre Montréal
McGill University, Montreal