Coping with crises

Viktor Gerashchenko, Chairman, Russian Central Bank 1991-1994, 1998-2002

1937 - Born in Leningrad (now St. Petersburg)
1960 - Graduates, Moscow Financial Institute
1965 - Director, Moscow Narodny Bank, London
1967 - Director, Veb Lebanese Branch
1974 - Director, Veb Singapore Branch
1977 - Board Chairman, Ost-West Handelsbank, Frankfurt Am-Main
1982 - Joins Vneshtorgbank with responsibility for Soviet foreign trade
1983 - Deputy Chairman, USSR VEB
1985 - First Deputy Chairman, USSR VEB
1989 - Chairman, USSR State Bank Presidium
1991 - Chairman, State Bank of the USSR
1998 - Returns to Russian Central Bank as Chair
2003 - State Duma deputy
2004 - Chairman of the Board, Yukos

After a decade of economic growth, Russia – as well as the rest of the world – is in the grip of a recession. It reminds many Russians of the economic meltdown of 1998. What are the similarities and differences between two crises? We’ll compare notes with Viktor Gerashchenko, the former chairman of the Russian Central Bank, who helped the Russian economy to recover after the 1998 crash.