Monetary Policy and Inter-Enterprise Arrears in Russia
AbstractThe role and influence of inter-enterprise arrears on Russian economy and implications for the monetary policy are considered. A brief overview of major trends in inter-enterprise arrears development in Russia is given. The reciprocal nature of arrears and strong correlation between the overdue receivables and the overdue payables of the enterprise are emphasized. Money demand interpretation of arrears accumulation and expectations based arrears-inflation mechanism are introduced.
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Bibliographic InfoPaper provided by Institute for Advanced Studies in its series East European Series with number 49.
Length: 37 pages
Date of creation: Nov 1997
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Find related papers by JEL classification:
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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