In 1998 there was the Russian default crisis and then there was some seize up of that maybe resembles what is happening now.

998年，俄罗斯拖欠债务危机爆发,那时有一些失灵,那个状况有些像现在发生的状况。

耶鲁公开课 - 金融市场课程节选

There's also the Argentine Crisis of 2000-2002.

还有2000年至2002年的阿根廷债务危机

耶鲁公开课 - 金融市场课程节选

We had a big scare in 1998; it started with the Asian financial crisis and then it spread to Russia and there was this terrible collapse in Russia in 1998, when the government couldn't pay its debts.

我们经历过最大的一次经济创伤是在1998年;,这次金融危机因亚洲金融危机而起,然后蔓延到俄罗斯,随后对俄罗斯的经济产生了极大地冲击，俄政府担负不起债务。

耶鲁公开课 - 金融市场课程节选