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Perestroika And Ruble Convertibility

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Author Info

  • Edgar L. Feige

    (University of Wisconson-Madison)

Abstract

This paper examines the role of money in market and centrally planned economies. It then proposes a program and sequence of institutional, macroeconomic and monetary reform aimed at achieving a stable transition. An egalitarian redistribution of the state's custodial assets to its citizens is viewed as an necessary prelude to the introdcution of market reforms if the transition process is to achive the goals of efficiency and equity. The paper is to be published in the Cato Journal, Vol. 10 No. 3, Winter, 1991

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File URL: http://128.118.178.162/eps/dev/papers/0404/0404002.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0404002.

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Length: 23 pages
Date of creation: 06 Apr 2004
Date of revision:
Handle: RePEc:wpa:wuwpdc:0404002

Note: Type of Document - pdf; pages: 23
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Web page: http://128.118.178.162

Related research

Keywords: transition; convertibility; wealth redistribution; liberalization; stabilization; institutional reform;

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Cited by:
  1. Edgar L. Feige, 2003. "The Transition to a Market Economy in Russia: Property Rights, Mass Privatization and Stabilization," Development and Comp Systems 0312001, EconWPA.

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