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Monetary Policy and Inter-Enterprise Arrears in Russia


  • Slobodkine, Mikhail

    (Boston University)


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.

Suggested Citation

  • Slobodkine, Mikhail, 1997. "Monetary Policy and Inter-Enterprise Arrears in Russia," East European Series 49, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihsrop:49

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    More about this item


    Monetary Policy; Credit Markets; Economies in Transition;

    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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