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Cambios institucionales en la economía rusa: de las reformas de mercado a la consolidación monetaria

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  • Isabel Pla Julián

    () (Universidad de Valencia)

Abstract

The main characteristic of the transition from a planned to a market economy in Russia has been the barter economy. Firms are using non-monetary transactions as a result of the scarcity of the means of payment and as a means to avoid taxes and reduce fiscal obligations. The barter economy is a rational mechanism of survival and protection from new market reforms, and for taking advantage of the networks inheritated from the centralized period. This non-monetary functioning of the Russian economy has increased the costs of the economic system and new market economy reforms concentrated on monetary consolidation haven’t produced the expected results, because public polices were not credible and policy makers didn’t anticipate the appearance of new firms in the transition period.

Suggested Citation

  • Isabel Pla Julián, 2003. "Cambios institucionales en la economía rusa: de las reformas de mercado a la consolidación monetaria," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 5(8), pages 66-91, January-J.
  • Handle: RePEc:rei:ecoins:v:5:y:2003:i:8:p:66-91
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/ipla8.pdf
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    References listed on IDEAS

    as
    1. Sergei V. Alexashenko & Augusto López-Claros, 1998. "Fiscal Policy; Issues During the Transition in Russia," IMF Occasional Papers 155, International Monetary Fund.
    2. Prendergast, Canice & Stole, Lars, 2000. "Barter relationships," MPRA Paper 33400, University Library of Munich, Germany.
    3. Jan Amrit Poser, 1998. "Monetary disruptions and the emergence of barter in FSU economies," Post-Communist Economies, Taylor & Francis Journals, vol. 10(2), pages 157-177.
    4. Wendy Carlin & Steven Fries & Mark Schaffer & Paul Seabright, 2000. "Barter and Non-Monetary Transactions in Transition Economies: Evidence from a Cross-Country Survey," CERT Discussion Papers 0004, Centre for Economic Reform and Transformation, Heriot Watt University.
    5. Ickes, B.W. & Ryterman, R., 1993. "Roadblock to Economic Reform: Inter-Enterprise Debt and the Transition to Markets," Papers 2-93-1, Pennsylvania State - Department of Economics.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic transition; monetary markets; barter economy;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
    • P39 - Economic Systems - - Socialist Institutions and Their Transitions - - - Other

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