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The transmission mechanism to barter

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Author Info
Jose Noguera

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Abstract

This paper sets up a model to inquire into whether the rise and fall in barter transactions in Russia and other CIS countries during the 1990’s was an involuntary decision resulting from credit rationing or the consequence of firms’ optimal choice. We find that the transmission mechanism of the government policy contains the necessary information to answer the question. An inquiry into the empirics of the model is then conducted using data from Russia.

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Publisher Info
Paper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp243.

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Date of creation: Dec 2004
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Handle: RePEc:cer:papers:wp243

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Related research
Keywords: Barter; Interest rate; Credit rationing; Optimal choice;

Find related papers by JEL classification:
E0 - Macroeconomics and Monetary Economics - - General
E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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