Dr. Alexander Mirtchev, founder and chairman of the Krull Corporation and an economic expert on emerging markets, sat down with Bloomberg Television in London to discuss the impact of the financial crisis on the economy of Kazakhstan. Overall, Mirtchev said, the crisis “has been treated mainly as a liquidity crisis and I would strongly argue that it is more of a solvency and asset quality crisis.” Dr. Mirtchev, the chairman of Kazakhstan’s national development fund, Kazyna, believes that the economic reforms established in the country include measures to deal with such a crisis. These measures are, he says, “why the crisis is not affecting them to the extent that it is affecting other emerging markets.”
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Dr. Alexander Mirtchev, founder and chairman of the Krull Corporation and an economic expert on emerging markets, sat down with Bloomberg Television in London to discuss the impact of the financial crisis on the economy of Kazakhstan.
Overall, Mirtchev said, the crisis “has been treated mainly as a liquidity crisis and I would strongly argue that it is more of a solvency and asset quality crisis.” Dr. Mirtchev, the chairman of Kazakhstan’s national development fund, Kazyna, believes that the economic reforms established in the country include measures to deal with such a crisis. These measures are, he says, “why the crisis is not affecting them to the extent that it is affecting other emerging markets.”
The full interview can be viewed here: http://www.youtube.com/focuswashington
Dr. Mirtchev has also commented more extensively on the widespread impact of the financial crisis in a discussion with Focus Washington’s Chuck Conconi. The interview can be viewed at www.youtube.com/focuswashington.
For more information, visit www.KrullCorp.com.