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Author : Svetlana Boyarchenko
Publisher :
ISBN 13 :
Total Pages : 75 pages
Book Rating : 4.:/5 (248 download)
Download or read book Money Substitutes in the Russian Virtual Economy written by Svetlana Boyarchenko and published by . This book was released on 2001 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Steve H. Hanke
Publisher : Routledge
ISBN 13 : 1134863691
Total Pages : 260 pages
Book Rating : 4.1/5 (348 download)
Download or read book Russian Currency and Finance written by Steve H. Hanke and published by Routledge. This book was released on 2005-08-18 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.
Author : CLIFFORD GADDY AND BARRY W. ICKES
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.L/5 ( download)
Download or read book STABILITY AND DISORDER: AN EVOLUTIONARY ANALYSIS OF RUSSIA'S VIRTUAL ECONOMY written by CLIFFORD GADDY AND BARRY W. ICKES and published by . This book was released on 1999 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : R.E. Ericson
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.L/5 ( download)
Download or read book A Model of Russia's "Virtual Economy" written by R.E. Ericson and published by . This book was released on 2000 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard E. Ericson
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (129 download)
Download or read book A Model of Russia's 'Virtual Economy' written by Richard E. Ericson and published by . This book was released on 2007 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the economy. We show how this transfer takes place, and how it can be consistent with the incentives of economic agents. We analyze a simple partial-equilibrium model of the virtual economy, and show how it might prove an obstacle to industrial restructuring and hence marketizing transition.
Author : Vlad Ivanenko
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Testing Russia's Virtual Economy written by Vlad Ivanenko and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of sovereign default of August 1998, the hypothesis of virtual economy in Russia developed by Gaddy and Ickes has gained popularity. The hypothesis states that the country has not moved towards free-market economy but developed a system of implicit price subsidization similar to what had existed before. Non-viable sectors that the state supported with subsidies before survive by over-pricing their output. Customers pass the bill back to the government by reducing their tax liabilities. We test the proposition that the distribution of the value-added across sectors is biased because of price distortions and estimate the distribution at world prices. The results support the claim that Russian price structure is different from the world level and three out of fifteen sectors, for which we construct price indices, become "value-destroying". We investigate the reasons behind price differentials and find that difference in processing and the use of barter explain a large part of it.
Author : R. E. Ericson
Publisher :
ISBN 13 : 9789516869271
Total Pages : 40 pages
Book Rating : 4.8/5 (692 download)
Download or read book A Model of Russia's "virtual Economy" written by R. E. Ericson and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the economy. We show how this transfer takes place, and how it can be consistent with the incentives of economic agents. We analyze a simple partial-equilibrium model of the virtual economy, and show how it might prove an obstacle to industrial restructuring and hence marketizing transition. Published in: Review of Economic Design vol 6, issue 2 (2001) pp. 185-214, ISSN 1434-4742.
Author : Clifford G. Gaddy
Publisher : Brookings Institution Press
ISBN 13 : 9780815731115
Total Pages : 322 pages
Book Rating : 4.7/5 (311 download)
Download or read book Russia's Virtual Economy written by Clifford G. Gaddy and published by Brookings Institution Press. This book was released on 2002 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clifford Gaddy's and Barry Ickes' thesis-- that Russia's economy is based on illusion or pretense about nearly every important economic yardstick, including prices, sales, wages and budgets-- has forced broad recognition of the inadequacies of the intended market reform policies in Russia and provided a coherent framework for understanding how and why so much of Russia's economy has resisted reform.
Author : Svetlana Bojarčenko
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (249 download)
Download or read book A Three-sector Model of the Russian Virtual Economy written by Svetlana Bojarčenko and published by . This book was released on 2003 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : s. Boyarchenko and s.z levendorskii
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.L/5 ( download)
Download or read book seach money and barter models of financial stabilization written by s. Boyarchenko and s.z levendorskii and published by . This book was released on 2000 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gene H Chang
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Observation on the Nature of Russia's Virtual Economy written by Gene H Chang and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid expansion in Russia of the virtual economy, a system characterized by a network of barter, has recently received much attention. This article analyzes the origin, the nature, efficiency and welfare implication, of the virtual economy. While the system is criticized by many economists as a retreat from reform, this article argues that the virtual economy has merit and economic rationality, given the special circumstances in Russia. In particular, the system results in a net welfare gain, and it functions by using its own criterion of cost efficiency.
Author : Vladimir M. Belenky
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)
Download or read book Import Substitution in the Russian Economy written by Vladimir M. Belenky and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paul J.J. Welfens
Publisher : Springer Science & Business Media
ISBN 13 : 364257257X
Total Pages : 508 pages
Book Rating : 4.6/5 (425 download)
Download or read book Restructuring, Stabilizing and Modernizing the New Russia written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia has embarked upon a difficult process of systemic transformation and economic opening up. While the initial strong GDP decline seemed to have ended in 1997, the real development was facing even more difficult problems as output declined sharply after the Ruble and banking crisis of August 1998: inflation started to increase again, exports and imports were falling, capital flight increasing and unemployment rising. There is broad disappointment in Russia regarding the transformation failure in 1998 since so many people had hoped that the end of the Soviet command economy would bring democracy, prosperity and international integration. While Poland has been able to double per capita income in the 1990s it has fallen by 50% in Russia and this despite considerable IMF involvement and some (modest) support from other international organizations. What were the reasons for transformation failure in the 1990s? What are the ingredients for long term sustainable transformation? What are the internal and international requirements to avoid a second - possibly tragic - failure of transformation in Russia? An international group of researchers has focussed on these problems during a two-year research project financed by the Alfried Krupp von Bohlen und Halbach Foundation. A series of papers were presented at workshops in Potsdam, Bonn and Moscow in 1999 where this book is devoted to four important issues: the Russian transformation crisis, the topic of restructuring, the need for stabilizing Russia and the requirements for modernizing Russia.
Author : Ashok Bardhan
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (34 download)
Download or read book Currency Substitution in Russia, 1991-1999 written by Ashok Bardhan and published by . This book was released on 2001 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Steven Rosefielde
Publisher : Cambridge University Press
ISBN 13 : 0521849136
Total Pages : 378 pages
Book Rating : 4.5/5 (218 download)
Download or read book Russia Since 1980 written by Steven Rosefielde and published by Cambridge University Press. This book was released on 2009 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia since 1980 recounts the epochal political, economic, and social changes that destroyed the Soviet Union, ushering in a perplexing new order. Two decades after Mikhail Gorbachev initiated his regime-wrecking radical reforms, Russia has reemerged as a superpower. It has survived a hyperdepression, modernized, restored private property and business, adopted a liberal democratic persona, and asserted claims to global leadership. Many in the West perceive these developments as proof of a better globalized tomorrow, while others foresee a new cold war. Globalizers contend that Russia is speedily democratizing, marketizing, and humanizing, creating a regime based on the rule of law and respect for civil rights. Opponents counterclaim that Russia before and during the Soviet period was similarly misportrayed and insist that Medvedev's Russia is just another variation of an authoritarian "Muscovite" model that has prevailed for more than five centuries. The cases for both positions are explored while chronicling events since 1980, and a verdict is rendered in favor of Muscovite continuity. Russia will continue challenging the West until it breaks with its cultural legacy.
Author : Neil Robinson
Publisher : Rowman & Littlefield
ISBN 13 : 1442210753
Total Pages : 241 pages
Book Rating : 4.4/5 (422 download)
Download or read book The Political Economy of Russia written by Neil Robinson and published by Rowman & Littlefield. This book was released on 2012 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book explores Russia's political development since the collapse of the USSR and how inextricably it has been bound up with economic change. Assessing the legacies of the Soviet period, leading scholars trace the evolution of Russia's political economy and how it may develop as bitter battles continue to be waged over property and state revenues, the development of private agriculture, and welfare. This book puts these domestic issues in international and comparative perspective by considering Russia's position in the global economy and its growing role as a major energy producer. Focusing especially on the nature and future of Russian capitalism, the contributors weigh the political problems that confront Russia in its ongoing struggle to modernize and develop its economy.
Author : Michael McFaul
Publisher : Cambridge University Press
ISBN 13 : 9780521834841
Total Pages : 280 pages
Book Rating : 4.8/5 (348 download)
Download or read book After the Collapse of Communism written by Michael McFaul and published by Cambridge University Press. This book was released on 2004-09-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
