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The Inter-Enterprise Debt Explosion in the Former Soviet Union: Causes, Consequences, Cures

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Author Info
J Rostowski
Abstract

The reasons for the growth of inter-enterprise debt analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a non-credible stabilization attempt. In the latter case the results can be a sharp fall in output. Non-market and market solutions to this problem are analyzed, and the advantages of the latter over the former are stressed.

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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0142.

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Date of creation: Apr 1993
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Handle: RePEc:cep:cepdps:dp0142

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Eric V. Clifton & Mohsin S. Khan, 1992. "Inter-Enterprise Arrears in Transforming Economies: The Case of Romania," IMF Policy Discussion Papers 92/1, International Monetary Fund.
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Dalia Marin & Monika Schnitzer, 2000. "Disorganization and Financial Collapse," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  2. Wladimir Andreff, 2004. "Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(1), pages 7-31, June. [Downloadable!]
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