Phrase by 'Jeffrey Sachs'
Warning: We collect thousands of phrases from different public resources. We are not responsible for any incorrect content or inaccurately information related to the phrases we collect on our website. Famous phrases, proverbs, short phrases, phrases from kids. Phrases about friendship, love, cinema, family, humor, motivation, mindfullness, improvement, life and much more. Our only goal is to offer you these phrases as an inspiration so that you can make unique dedications, express your thoughts and emotions or share on your social networks. Enjoy our content.
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Author: Jeffrey Sachs - American EconomistYou , Time , Short , Money
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.
Author: Jeffrey Sachs - American EconomistDoing , Own , Better , Living
The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
Author: Jeffrey Sachs - American EconomistWay , Started , Dramatic , Thailand
I think the IMF helped to detonate the Indonesian crisis.
Author: Jeffrey Sachs - American EconomistCrisis , Think , I Think , IMF
The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.
Author: Jeffrey Sachs - American EconomistNew , Political , End , Challenge
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.
Author: Jeffrey Sachs - American EconomistBeing , World , Real , Debt
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.
Author: Jeffrey Sachs - American EconomistYou , End , Fun , Wait
It's not so unusual to run out of someone else's currency.
Author: Jeffrey Sachs - American EconomistRun , Out , Someone , Currency
Russia has gone through eight years of continuing economic pain.
Author: Jeffrey Sachs - American EconomistRussia , Pain , Gone , Economic