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Monetary Policy and Inter-Enterprise Arrears in Russia

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Author Info
Slobodkine, Mikhail (Boston University)
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 Format: application/pdf
File Function: First version, 1997
Download Restriction: no

Publisher 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;

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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