Boom. bust. rebound. the russian book trade in 1998 and early 1999: A report to the 1999 summer slavic librarians' workshop

The single most difficult situation publishers have faced since the depression and hyperinflation of 1991-1993 was the financial crisis which began on August 17, 1998. Prior to August 17, Russian publishers were on track to produce a record number of titles. After August 17, production plummeted. Yet by March of 1999 the industry was reviving, and as of May production had returned roughly to pre-cri-sis levels. The August crisis was a severe test for the publishing industry, but the rapid recovery demonstrates its vitality. The authors discuss monographs primarily, but serials are also included. They also explain why caution is necessary when using official Russian publishing statistics since 1991 and how such statistics can still be useful.