Download or read book Forced Savings and Repressed Inflation in the Soviet Union written by Mr.Mario I. Bléjer and published by International Monetary Fund. This book was released on 1991-06-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances (monetary overhang). In those countries a monetary overhang is primarily a wealth overhang, which has to be analyzed by evaluating deviations of actual from desired wealth holdings; this requires an empirical analysis of consumption and saving decisions. In this paper, we present estimates of a consumption function for the Soviet Union, from which an evaluation of the monetary overhang existing at the end of 1990 is derived.
Download or read book The New Russia written by Ian Jeffries and published by Routledge. This book was released on 2013-12-19 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid changes in Russia since the collapse of the Soviet Union are often bewildering, with many frequent, highly significant changes in the different sectors of the economy and the political system. There have been frequent changes of personnel in government and economic management and many changes have been reversed - and sometimes forgotten, or at other times reinstated. What happened when? Who was responsible for what? Did such a change in one sector precede or follow a particular change elsewhere? These are points not easily remembered. This book provides full details of the many changes, and enables sense to be made of what would otherwise be a confusing situation. Developments are arranged chronologically by sector, and the book is unusual in extensively chronicling both economic and political developments and the crucial connections between them. There is a generous introduction and overview to help the reader find his or her way around. The material covers the period up to late autumn 2000, and thus offers a valuable guide to policies in the Putin era.
Download or read book Stabilization and Privatization in Poland written by K. Poznanski and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stabilization and Privatization: An Economic Evaluation of the Shock Therapy Program is the first comprehensive account of Poland's economic transition since mid-1989. Monetary stabilization, trade liberalization (including convertibility) and privatization of state capital assets are discussed. Sources of economic recession which have accompanied the post-1989 transition are analyzed. The role of demand-side factors (i.e. monetary contraction) is weighed against that of supply-side factors (i.e. credit availability). The prevailing view is that the recession has been supply-type rather than demand-type. Economic performance has been impacted by the lack of a proper institutional framework (e.g. a segmented banking sector, diluted property rights). Arguments in favor of evolutionary reforms and market enhancing measures are presented. Stabilization and Privatization examines the main components of Poland's shock therapy program implemented in 1990. Post-shock recession, lasting at least through 1992, is examined to establish whether a sharp decline in output was caused by excessive demand contraction or lack of accommodating credit policies. The merits of an evolutionary approach and a more proactive state are debated.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1992-01-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collapse and the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success has been achieved in the initial microstabilization and opening-up effort. But difficulties with fiscal and monetary control may be emerging as a result of social and political pressures and unclear policy signals on the micro issues involving the structural transformation of the productive and financial systems.
Download or read book Banking and Financial Control in Reforming Planned Economies written by Haiqun Yang and published by Springer. This book was released on 2015-12-29 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the advantages and disadvantages of the banking system reforms with particular reference to centrally planned economies. The book reviews the socialist banking reforms and analyses their financial problems. Employing a critical exposition of banking theories, it assesses current financial disorders and takes issue with some established theories.
Download or read book Experiences with Financial Liberalization written by K. L. Gupta and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experiences with Financial Liberalization provides a broad spectrum of policy experiences relating to financial liberalization around the globe since the 1960s. There is a sizable body of theoretical and aggregative empirical literature in this area, but there is little work documenting and analyzing the experiences of individual countries and/or sets of countries. This book is divided into four parts by geographical region - Africa, Asia and Latin America, Central and Eastern Europe, and the Middle East. Aggregative econometric studies cannot substitute for country-wide studies in allowing the researcher to draw lessons for the future, and this volume adds to this relatively small body of literature.
Download or read book North Korea written by Ian Jeffries and published by Routledge. This book was released on 2013-06-17 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is much intense interest in North Korea at present. This partly arises from questions about Korea's nuclear capability and intentions, and about the extent to which North Korea may be viewed as 'a rogue state' or part of 'the axis of evil'. In addition, however, North Korea has recently begun experimenting with reforms along Chinese lines. The vigour with which these will be pursued, and related questions about the degree of engagement, or otherwise, with South Korea are also important issues. This book provides full details of economic and political developments in North Korea since 1989 when the communist world began to change irrevocably.
Download or read book Socialist Economies and the Transition to the Market written by Ian Jeffries and published by Routledge. This book was released on 1993-05-27 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.
Download or read book Crisis Stabilization and Growth written by Patrick J. Conway and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of Figures. List of Tables. List of Symbols. List of Country Acronyms. Foreword and Acknowledgements. I. The Transition Economies. II. Saving, by Plan and in the Market. III. Considering the Competing Explanations of Transition in Inflation and Economic Growth. IV. The Inflationary Explosion Following Price Liberalization. V. The Crisis Years. VI. Directed Credits and Financial Repression in Belarus. VII. Stabilization in Transition Economies. VIII. Ukraine in the Stabilization Phase. IX. Georgia: from Crisis to Stabilization .. and Then? X. The Fallout of the Russian Financial C.
Download or read book The Struggle to Save the Soviet Economy written by Chris Miller and published by UNC Press Books. This book was released on 2016-10-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: For half a century the Soviet economy was inefficient but stable. In the late 1980s, to the surprise of nearly everyone, it suddenly collapsed. Why did this happen? And what role did Soviet leader Mikhail Gorbachev's economic reforms play in the country's dissolution? In this groundbreaking study, Chris Miller shows that Gorbachev and his allies tried to learn from the great success story of transitions from socialism to capitalism, Deng Xiaoping's China. Why, then, were efforts to revitalize Soviet socialism so much less successful than in China? Making use of never-before-studied documents from the Soviet politburo and other archives, Miller argues that the difference between the Soviet Union and China--and the ultimate cause of the Soviet collapse--was not economics but politics. The Soviet government was divided by bitter conflict, and Gorbachev, the ostensible Soviet autocrat, was unable to outmaneuver the interest groups that were threatened by his economic reforms. Miller's analysis settles long-standing debates about the politics and economics of perestroika, transforming our understanding of the causes of the Soviet Union's rapid demise.
Download or read book A Guide to the Socialist Economies written by Ian Jeffries and published by Routledge. This book was released on 2022-03-07 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, A Guide to the Socialist Economies explores the evolution of a variety of economic systems in the socialist world and highlights major problems facing fourteen countries – Albania, Bulgaria, China, Cuba, Czechoslovakia, the GDR, Hungary, North Korea, Mongolia, Poland, Romania, the Soviet Union, Vietnam and Yugoslavia –against a background of continuous change, characterized by such events as the Berlin blockade, the Korean war, the Hungarian revolution and the invasion of Czechoslovakia. The traditional Soviet economic model is studied in detail as the basic system adopted by or imposed upon all of these countries. A separate chapter is devoted to foreign trade in general and Comecon in particular, while each of the country studies deals with the political and economic background, economic reforms (including industry, agriculture, the financial system and foreign trade and capital) and the private sector. The book provides information on the economic institutions of all the individual countries which is invaluable if the various courses of reform each country has engaged upon are to be understood. Historical material supplements contemporary information in a work which is to be an essential reference for anyone engaged in a study of, or trade with, the socialist countries.
Download or read book Economic Transition in Russia and the New States of Eurasia written by Bartłomiej Kamiński and published by M.E. Sharpe. This book was released on 1996 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume covers the economic progress made by the new states of the former Soviet Union in the transition from command to market economies. Topics discussed include: political and economic adjustments; the domestic dimension; macropolicies; restructuring; and regional and world integration.
Download or read book Economic Transition in Russia and the New States of Eurasia written by Anjum Siddiqui and published by M.E. Sharpe. This book was released on 2007 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the economies and geo-political developments of India, Pakistan, Afghanistan, Nepal, Bangladesh, Sri Lanka, and Bhutan. This work focuses on three core areas of importance: trade and development in the post-WTO era of globalization; macroeconomic adjustment and economic growth; and more.
Download or read book The International Politics of Eurasia v 8 Economic Transition in Russia and the New States of Eurasia written by S. Frederick Starr and published by Routledge. This book was released on 2016-09-17 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1996. This ambitious ten-volume series develops a comprehensive analysis of the evolving world role of the post-Soviet successor states. Each volume considers a different factor influencing the relationship between internal politics and international relations in Russia and in the western and southern tiers of newly independent states. The contributors were chosen not only for their recognized expertise but also to ensure a stimulating diversity of perspectives and a dynamic mix of approaches. This is Volume 8 Economic Transition in Russia and the New States of Eurasia.
Download or read book Fiscal Policy and Economic Reforms written by Mario I. Blejer and published by Routledge. This book was released on 2002-09-11 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following Macroeconomic Dimensions of Public Finance, this is the second volume of essays in honour of Vito Tanzi. It focuses on the importance of fiscal policy on the wholesale economic reforms that are sweeping the advanced, less developed and formally communist countries. Issues analyzed include: * the role of fiscal and budgetary policies in the process of reform * the impact of privatization on the exchequer and the dilemmas for social policy in times of fiscal austerity * the paradox of post-socialism and post-dirigisme that an efficient and harmonic move to a decontrolled, liberal market economy involves active state intervention * the methodological aspects relating to the proper assessment of fiscal policy mechanisms. This collection of essays contributes to the understanding of the channels and transmissions mechanisms of fiscal policies in the context of major economic reforms.
Download or read book Hyperinflation written by He Liping and published by Routledge. This book was released on 2017-10-03 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1970s when the world was experiencing an "age of inflation", a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
Download or read book Disinflation in Transition Economies written by Ms.Sharmini Coorey and published by International Monetary Fund. This book was released on 1996-12-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price variability had a sizable effect at high inflation during initial liberalization and a small effect at moderate inflation. Cost recovery may contribute to variability, particularly in the advanced stages of the transition.
