"World monetary system faces real perspectives of full-scale crisis"2000
Financial and Monetary Mechanisms in the Modern World (crisis experience of the late 90s) -M.: Economica. 2000. Citation from p. 45.
"Participants of financial markets are more willing to invest in assets with higher yields and higher levels of risks. This was one of the factors that triggered the current situatuion. Forecasting the future tendencies we should consider the emergence of such new risks in the next years"December 2009
M.Ershov (2000): "Perspectives of US dollar and the world monetary system as a whole at present look problematic"
Financial and Monetary Mechanisms in the Modern World (crisis experience of the late 90s). M.: Economica, 2000.
P.Volcker* (2003): "There is 75% chance of currency crisis in the US within 5 years".* Chairman of FRS 1979-1987
The Economist. – 2004. – November, 13th. – P. 88
About US Stock Market Crisis in 2000
"Ershov writes in his book that the US stock market is "overheated", and this may lead to significant decrease of quotations. This book was signed for "print" in October 1999. With US economic prosperity in place, alongside with favorable economic indicators, low level of unemployment, growing stock market such conclusion may looked too alarming. But less than 6 months later...at the mid of April the sharp fall of Nasdaq occured"April 2000
Acadimician Simonia N. (Izvestia, April 2000)
"In your book "Financial and Monetary Mechanisms in the Modern World (crisis experience of the late 90s)" published in January 2000, you've made several projections which proved to be true: about dollar exchange rate, US stock market, rouble undervaluation, the possibility of its appreciation and others. The same projections were given in your publications at the beginning of 1999... Was it really so clear before?"Jan.-Feb. 2004
"Against the background of discussions about the size of further rouble develuation you talked that the rouble was undervalued..."February 2004
"About crisis projections and necessery measures"June 2009