Figure Page Credit Market Activity in Brazil, Russia, and China, 2007 2012; — – Asian Credit Markets, Global Credit Markets 2 1.2 Russian GDP, 1995 2007 4 — – 1.3 Russia’s Post-Default Framework 6 — 1.4 Research Method 18 — 3.1 Federal Tax Arrears, 1995 1998 61 — – 4.1 Average Monthly GKO Yields, 1997 1998 76 — – 4.2 Process Tracing Default Outcomes 81 — 4.3 Levels 1 and 2 of Post-Default Framework 81 — 4.4 Total Oil Production, 1992 2012 114 — – 4.5 Total Oil Reserves, 1992 2012 115 — – 5.1 Counterfactual GDP, 1998 2005 133 — – 5.2 Russian Imports and Exports (Counterfactual), 1998 2005 134 — – 5.3 GKO Yields, 1996 1997 138 — – TABLES
Figure Page — Credit Market Activity in Brazil, Russia, and China, 2007 – 2012; Asian Credit Markets, Global Credit Markets 2 1.2 — Russian GDP, 1995 – 2007 4 1.3 — Russia’s Post-Default Framework 6 1.4 — Research Method 18 3.1 — Federal Tax Arrears, 1995 – 1998 61 4.1 — Average Monthly GKO Yields, 1997 – 1998 76 4.2 — Process Tracing Default Outcomes 81 4.3 — Levels 1 and 2 of Post-Default Framework 81 4.4 — Total Oil Production, 1992 – 2012 114 4.5 — Total Oil Reserves, 1992 – 2012 115 5.1 — Counterfactual GDP, 1998 – 2005 133 5.2 — Russian Imports and Exports (Counterfactual), 1998 – 2005 134 5.3 — GKO Yields, 1996 – 1997 138 TABLES
Mkrttchian_Final2015.docx