Perestroika And Ruble Convertibility
AbstractThis 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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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0404002.
Length: 23 pages
Date of creation: 06 Apr 2004
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Note: Type of Document - pdf; pages: 23
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transition; convertibility; wealth redistribution; liberalization; stabilization; institutional reform;
Other versions of this item:
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
- P1 - Economic Systems - - Capitalist Systems
- P2 - Economic Systems - - Socialist Systems and Transition Economies
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
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- 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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