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Monetary Policy and Inter-Enterprise Arrears in Russia

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  • Slobodkine, Mikhail

    (Boston University)

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    Abstract

    The 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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    File URL: http://www.ihs.ac.at/publications/eco/east/ro-49.pdf
    File Function: First version, 1997
    Download Restriction: no

    Bibliographic Info

    Paper provided by Institute for Advanced Studies in its series East European Series with number 49.

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    Length: 37 pages
    Date of creation: Nov 1997
    Date of revision:
    Handle: RePEc:ihs:ihsrop:49

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    Related research

    Keywords: Monetary Policy; Credit Markets; Economies in Transition;

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