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The Role of International Financial Institutions in Stabilizing the Russian Economy

In: Monetary Policy in Transition

Author

Listed:
  • Milan Nikolić

Abstract

Between the end of Czarist Russia in 1917 and the early 1950s about a third of the world’s population experienced a transition from a market economy to central planning. In the late 1980s, in the run-up to the collapse of the Soviet empire, the reverse process was set in motion in most of the former socialist countries: transition from a planned to a market economy Their long history of central planning and lack of experience of free-market economics made assistance by international financial institution essential to the transition economies. It was expected that this assistance would be both financial and consultative.

Suggested Citation

  • Milan Nikolić, 2006. "The Role of International Financial Institutions in Stabilizing the Russian Economy," Studies in Economic Transition, in: Monetary Policy in Transition, chapter 5, pages 97-121, Palgrave Macmillan.
  • Handle: RePEc:pal:stuchp:978-0-230-51233-7_5
    DOI: 10.1057/9780230512337_5
    as

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