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Author :
Publisher : Hoover Press
ISBN 13 : 9780817953638
Total Pages : 28 pages
Book Rating : 4.9/5 (536 download)
Download or read book The Ruble Problem written by and published by Hoover Press. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Martin G. Gilman
Publisher : MIT Press
ISBN 13 : 0262014653
Total Pages : 355 pages
Book Rating : 4.2/5 (62 download)
Download or read book No Precedent, No Plan written by Martin G. Gilman and published by MIT Press. This book was released on 2010 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review: "In 1998, President Boris Yeltsin's government defaulted on its domestic debt and Russia experienced a financial meltdown that brought it to the brink of disaster. In No Precedent, No plan, Martin Gilman offers an insider's view of Russia's financial crisis. As the International Monetary Fund's senior person in Moscow, Gilman was in the eye of the storm. Russia's policy response to the economic collapse stemming from the disintegration of the Soviet Union was chaotic. Fiscal deficits loomed in anticipation of future budget revenue that never seemed to materialize--despite repeated promises to the IMF. The rapid buildup of sovereign debt would have challenged even a competent government. In the new Russia, with its barely functioning government and no consensus on the path toward democratic and economic transformation, domestic politics trumped economic common sense." "Gilman argues that the debt default, although avoidable, actually spurred Russia to integrate its economy with the rest of the world. In analyzing the ordeal of the 1998 crisis, Gilman suggests that the IMF helped Russia avoid an even greater catastrophe. He details the IMF's involvement and underscores the unique challenge that Russia presented to the IMF. There really was no precedent, even if economist Joseph Stiglitz and others argued otherwise. In recounting Russia's emergence from the IMF's tutelage, Gilman explains how the shell-shocked Russian public turned to Vladimir Putin in search of stability after the trauma of 1998. And although Russia's own prospects are favorable, Gilman expresses concern that the 1998 Russian default could serve as an unfortunate precedent for sovereign defaults in the future with the IMF once again playing a similar role." "No Precedent, No Plan offers a definitive account--the first from an insider's perspective--of Russia's painful transition to a market economy."--BOOK JACKET
Author : Evsey Gurvich
Publisher :
ISBN 13 : 9783659840364
Total Pages : 56 pages
Book Rating : 4.8/5 (43 download)
Download or read book The Impact of Financial Sanctions on the Russian Economy written by Evsey Gurvich and published by . This book was released on 2016-08-13 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nicholas Mulder
Publisher : Yale University Press
ISBN 13 : 0300259360
Total Pages : 449 pages
Book Rating : 4.3/5 (2 download)
Download or read book The Economic Weapon written by Nicholas Mulder and published by Yale University Press. This book was released on 2022 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tracing the history of economic sanctions from the blockades of World War I to the policing of colonial empires and the interwar confrontation with fascism, Nicholas Mulder combines political, economic, legal, and military history to reveal how a coercive wartime tool was adopted as an instrument of peacekeeping by the League of Nations.This timely study casts an overdue light on why sanctions are widely considered a form of war, and why their unintended consequences are so tremendous.
Author : Kristy Ironside
Publisher : Harvard University Press
ISBN 13 : 0674251644
Total Pages : 321 pages
Book Rating : 4.6/5 (742 download)
Download or read book A Full-Value Ruble written by Kristy Ironside and published by Harvard University Press. This book was released on 2021-06-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new history shows that, despite MarxismÕs rejection of money, the ruble was critical to the Soviet UnionÕs promise of shared prosperity for its citizens. In spite of Karl MarxÕs proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, money was resurrected as an essential tool of Soviet governance. Certainly, its importance was not lost on Soviet leaders, despite official Communist Party dogma. Money, Ironside demonstrates, mediated the relationship between the Soviet state and its citizens and was at the center of both the governmentÕs and the peopleÕs visions for the maturing Communist project. A strong rubleÑone that held real value in workersÕ hands and served as an effective labor incentiveÑwas seen as essential to the economic growth that would rebuild society and realize CommunismÕs promised future of abundance. Ironside shows how Soviet citizens turned to the state to remedy the damage that the ravages of the Second World War had inflicted upon their household economies. From the late 1940s through the early 1960s, progress toward Communism was increasingly measured by the health of its citizensÕ personal finances, such as greater purchasing power, higher wages, better pensions, and growing savings. However, the increasing importance of money in Soviet life did not necessarily correlate to improved living standards for Soviet citizens. The Soviet governmentÕs achievements in Òraising the peopleÕs material welfareÓ continued to lag behind the WestÕs advances during a period of unprecedented affluence. These factors combined to undermine popular support for Soviet power and confidence in the Communist project.
Author : Alexey Malashenko
Publisher : Brookings Institution Press
ISBN 13 : 0870034138
Total Pages : 310 pages
Book Rating : 4.8/5 (7 download)
Download or read book The Fight for Influence written by Alexey Malashenko and published by Brookings Institution Press. This book was released on 2013-12-10 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russian influence in Central Asia is waning. Since attaining independence, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan have forged their own paths—building relationships with outside powers and throwing off the last vestiges of Soviet domination. But in many ways, Moscow still sees Central Asia through the lens of the Soviet Union, and it struggles to redefine Russian relations with the region. In The Fight for Influence, Alexey Malashenko offers a comprehensive analysis of Russian policies and prospects in Central Asia. It is clear that Russian policy in the formerly Soviet-controlled region is entering uncharted territory. But does Moscow understand the fundamental shifts under way? Malashenko argues that it is time for Russia to rethink its approach to Central Asia. Contents 1. Wasted Opportunities 2. Regional Instruments of Influence 3. Russia and Islam in Central Asia: Problems of Migration 4. Kazakhstan and Its Neighborhood 5. Kyrgyzstan—The Exception 6. Tajikistan: Authoritarian, Fragile, and Facing Difficult Challenges 7. Turkmenistan: No Longer Exotic, But Still Authoritarian 8. Uzbekistan: Is There a Potential for Change? Conclusion Who Challenges Russia in Central Asia?
Author : Bobo Lo
Publisher : Brookings Institution Press
ISBN 13 : 0815725574
Total Pages : 370 pages
Book Rating : 4.8/5 (157 download)
Download or read book Russia and the New World Disorder written by Bobo Lo and published by Brookings Institution Press. This book was released on 2015-08-17 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Chatham House publication The Russian annexation of Crimea was one of the great strategic shocks of the past twenty-five years. For many in the West, Moscow's actions in early 2014 marked the end of illusions about cooperation, and the return to geopolitical and ideological confrontation. Russia, for so long a peripheral presence, had become the central actor in a new global drama. In this groundbreaking book, renowned scholar Bobo Lo analyzes the broader context of the crisis by examining the interplay between Russian foreign policy and an increasingly anarchic international environment. He argues that Moscow's approach to regional and global affairs reflects the tension between two very different worlds—the perceptual and the actual. The Kremlin highlights the decline of the West, a resurgent Russia, and the emergence of a new multipolar order. But this idealized view is contradicted by a world disorder that challenges core assumptions about the dominance of great powers and the utility of military might. Its lesson is that only those states that embrace change will prosper in the twenty-first century. A Russia able to redefine itself as a modern power would exert a critical influence in many areas of international politics. But a Russia that rests on an outdated sense of entitlement may end up instead as one of the principal casualties of global transformation.
Author : David Woodruff
Publisher : Cornell University Press
ISBN 13 : 1501711466
Total Pages : 249 pages
Book Rating : 4.5/5 (17 download)
Download or read book Money Unmade written by David Woodruff and published by Cornell University Press. This book was released on 2018-05-31 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the collapse of the Soviet Union, Russians have seen the ruble steadily lose ground to alternative means of payment such as barter and privately issued quasi-monies. Industry now collects as much as 70 percent of its receipts in nonmonetary form, leaving many firms with too little cash to pay salaries and taxes. In this ground-breaking book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carry-over from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support demanded by monetary consolidation—a neglected but crucial aspect of capitalist statebuilding. Drawing on a vast array of empirical evidence, Woodruff shows how the widespread use of barter arose as local authorities tried to protect industry against the destructive effects of price increases and crude tax and accounting systems. As businesses fled or were driven from the money economy, provincial governments invented new ways to tax in kind and issued substitutes for the ruble. In turn, the federal authorities, unable to coerce firms either to operate in the money economy or to abandon business altogether, were forced to make accommodations to barter and to ruble alternatives. Woodruff describes the enormous fiscal difficulties that resulted and recounts the intense political battles over attempts to address the problem. Through an overview of monetary consolidation in other nations, Woodruff demonstrates that the struggles of the new Russian state have much to teach us about the political history of money worldwide. Sovereignty over money cannot, he argues, be imposed by government on a recalcitrant society. Nor can it be assumed as a by-product of disciplined policies aimed at market reform. Monetary consolidation is, at heart, a political achievement requiring political support.
Author : Maxim Boycko
Publisher : MIT Press
ISBN 13 : 9780262522281
Total Pages : 180 pages
Book Rating : 4.5/5 (222 download)
Download or read book Privatizing Russia written by Maxim Boycko and published by MIT Press. This book was released on 1997-01-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.
Author : Judy Shelton
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.F/5 ( download)
Download or read book The Coming Soviet Crash written by Judy Shelton and published by . This book was released on 1989 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this provocative and thoughtful analysis, Judy Shelton demonstrates that the Soviet financial crisis is severe, and the West's sending money to the Soviet Union for credit results in enhanced Soviet military capability, not consumer goods.
Author :
Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.:/5 (891 download)
Download or read book Problems of Communism written by and published by . This book was released on 1961 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher : Peterson Institute
ISBN 13 : 088132552X
Total Pages : 305 pages
Book Rating : 4.8/5 (813 download)
Download or read book Russia After The Global Economic Crisis written by and published by Peterson Institute. This book was released on 2010 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yegor Gaidar
Publisher : Rowman & Littlefield
ISBN 13 : 0815731159
Total Pages : 354 pages
Book Rating : 4.8/5 (157 download)
Download or read book Collapse of an Empire written by Yegor Gaidar and published by Rowman & Littlefield. This book was released on 2010-01-01 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: "My goal is to show the reader that the Soviet political and economic system was unstable by its very nature. It was just a question of when and how it would collapse...." —From the Introduction to Collapse of an Empire The Soviet Union was an empire in many senses of the word—a vast mix of far-flung regions and accidental citizens by way of conquest or annexation. Typical of such empires, it was built on shaky foundations. That instability made its demise inevitable, asserts Yegor Gaidar, former prime minister of Russia and architect of the "shock therapy" economic reforms of the 1990s. Yet a growing desire to return to the glory days of empire is pushing today's Russia backward into many of the same traps that made the Soviet Union untenable. In this important new book, Gaidar clearly illustrates why Russian nostalgia for empire is dangerous and ill-fated: "Dreams of returning to another era are illusory. Attempts to do so will lead to defeat." Gaidar uses world history, the Soviet experience, and economic analysis to demonstrate why swimming against this tide of history would be a huge mistake. The USSR sowed the seeds of its own economic destruction, and Gaidar worries that Russia is repeating some of those mistakes. Once again, for example, the nation is putting too many eggs into one basket, leaving the nation vulnerable to fluctuations in the energy market. The Soviets had used revenues from energy sales to prop up struggling sectors such as agriculture, which was so thoroughly ravaged by hyperindustrialization that the Soviet Union became a net importer of food. When oil prices dropped in the 1980s, that revenue stream diminished, and dependent sectors suffered heavily. Although strategies requiring austerity or sacrifice can be politically difficult, Russia needs to prepare for such downturns and restrain spending during prosperous times. Collapse of an Empire shows why it is imperative to fix the roof before it starts to rain, and why so
Author : Paul Dukes
Publisher : Routledge
ISBN 13 : 1000452964
Total Pages : 174 pages
Book Rating : 4.0/5 (4 download)
Download or read book Russia in Manchuria written by Paul Dukes and published by Routledge. This book was released on 2022-01-31 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manchuria, the name given to China’s North-eastern provinces by foreign powers, has been contested by China, Russia and Japan in particular over many centuries. This book surveys the history of Manchuria, focusing particularly on the Russian and Soviet perspective. It outlines early colonisation of the region and examines the importance of the Chinese Eastern Railway, a branch of the Trans-Siberian Railway, and the remarkable railway city of Harbin for consolidating the Russian presence in the region and for developing the region’s economy. It goes on to consider twentieth century developments, including the Japanese invasion and the puppet state of Manchukuo. Throughout, the book reflects on the nature of empire, especially Russian/Soviet imperialism and its similarities to and differences from other nations’ imperial ventures.
Author : Jerry F. Hough
Publisher : Rowman & Littlefield
ISBN 13 : 9780815798590
Total Pages : 344 pages
Book Rating : 4.7/5 (985 download)
Download or read book The Logic of Economic Reform in Russia written by Jerry F. Hough and published by Rowman & Littlefield. This book was released on 2004-06-23 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the failure of economic reform in Russia since 1991, when Boris Yeltsin proclaimed his commitment to economic stabilization, privatization, and price liberalization. Optimism over Russia¡¯s market reforms vanished with the crash of August 1998, when the ruble lost over 70 percent of its value and banks defaulted on their debts and forward currency contracts. Contrary to Yeltsin¡¯s reform promises, the Russian economy of the 1990s more closely resembled a Soviet model than a market-driven one. The Logic of Economic Reform in Russia illuminates the general problems of establishing market economies in settings where the institutional system to support the market has not had decades to develop. Suggesting that corruption may be associated with growth in the early stages of capitalism, Jerry F. Hough argues that the disappointing results of Yeltsin¡¯s reform efforts were not the product of Russian culture or history, but the logical consequences of rational men responding to the incentive system created by economic reform.
Author : Ekaterina Pravilova
Publisher : Oxford University Press
ISBN 13 : 0197663710
Total Pages : 561 pages
Book Rating : 4.1/5 (976 download)
Download or read book The Ruble written by Ekaterina Pravilova and published by Oxford University Press. This book was released on 2023-06-27 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking history of Russia, from empire to the Soviet era, viewed through the lens of its money. Money seems passive, a silent witness to the deeds and misdeeds of its holders, but through its history intimate dramas and grand historical processes can be told. So argues this sweeping narrative of the ruble's story from the time of Catherine the Great to Lenin. The Russian ruble did not enjoy a particularly reputable place among European currencies. Across two hundred years, long periods of financial turmoil were followed by energetic and pragmatic reforms that invariably ended with another collapse. Why did a country with an industrializing economy, solid private property rights, and (until 1918) a near perfect reputation as a rock-solid repayer of its debts stick for such a prolonged period with an inconvertible currency? Why did the Russian gold standard differ from the European model? In answering these questions, Ekaterina Pravilova argues that politics and culture must be considered alongside economic factors. The history of the Russian ruble offers an opportunity to explore the political reasons behind the preservation of a supposedly backward financial system and to show how politicians used monetary reforms to block or enact political transformations. The Ruble is a history of Russia written in the language of money. It shows how economists, landowners, merchants, and peasants understood, perceived, and used financial mechanisms. In her sweeping account, Pravilova interprets the well-known political events of the eighteenth to early twentieth centuries--wars, attempts at constitutional transformations, revolutions--through the ideas and politics of currency reforms and offers a new history of Russia's imperial expansion and collapse.
Author : Daniel Sheldon Hamilton
Publisher :
ISBN 13 : 9780990772095
Total Pages : 0 pages
Book Rating : 4.7/5 (72 download)
Download or read book The Eastern Question written by Daniel Sheldon Hamilton and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The future of Europe's east is open. Can the societies of this vast region become more democratic and secure and integrate into the European mainstream? Or are they destined to become failed, fractured lands of grey mired in the stagnation and turbulence historically characteristic of Europe's borderlands? How and why is Russia seeking to influence these developments, and what is the future of Russia itself? How should the West engage?
