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Author : Marek Da̜browski
Publisher : Unknown
Page : 38 pages
File Size : 54,8 Mb
Release : 1995
Category : Finance
ISBN : 8386296569
Author : Marek Dabrowski
Publisher : Unknown
Page : 38 pages
File Size : 54,8 Mb
Release : 2009
Category : Electronic
ISBN : OCLC:1290276775
The paper analyzes the causes of the monetary disintegration of the FSU, stages of this disintegration, and macroeconomic consequences of this process. The subsequent sections analyze economic and political conditions of the successful existence of the common currency area, the process of monetary disintegration that already started at the end of 1990 when the Soviet Union still existed and then the period of 1992-1993, after the dissolution of USSR, the most important initiatives to rebuild the ruble area in 1992-1994 and macroeconomic and other consequences of continuing the common currency despite the political disintegration. The paper highlights the role of political consensus and institutionalized political union as the basic precondition to have a common currency.
Author : Thomas D. Willett
Publisher : Routledge
Page : 265 pages
File Size : 53,5 Mb
Release : 2019-03-07
Category : Political Science
ISBN : 9780429723636
There has been fierce debate about the optimal sequencing of economic reforms in emerging market economies. Many economists argue that for market-oriented systems to operate effectively, a reasonable degree of monetary stability is necessary. Rampant inflation, a common challenge for emerging economies, greatly reduces the chances that market-oriented reforms will be successful. In this comprehensive volume, a group of policy-oriented economists from North America, Europe, and the former Soviet Union explore the causes of monetary instability in reforming economies and evaluate alternative institutional mechanisms designed to reduce inflationary pressures. Considering the latest theoretical and empirical research–as well as the experiences of former Communist countries, including Russia and the erstwhile Soviet republics–the contributors view inflation as a political issue and make a case for the creation of strong political institutions. They argue that although government actions that stimulate inflation tend to have low costs or even benefits in the sort run, they impose heavy costs on the economy in the longer term. Consequently, there is a strong need to develop institutional mechanisms to help ensure that decision makers place appropriate emphasis on the long-run consequences of policy actions.
Author : Mr.Tonny Lybek
Publisher : International Monetary Fund
Page : 39 pages
File Size : 45,9 Mb
Release : 1999-01-01
Category : Business & Economics
ISBN : 9781451842029
A higher degree of de jure autonomy and accountability of the central banks of the Baltic states, Russia, and other countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be some positive correlation between greater central bank autonomy and higher average real growth, after the initial period of reforms. Central banks with a higher degree of autonomy and accountability have apparently also reformed their operations more aggressively.
Author : Rawi Abdelal
Publisher : Cornell University Press
Page : 241 pages
File Size : 47,7 Mb
Release : 2018-08-06
Category : Political Science
ISBN : 9781501720390
How do national identities affect the world economy? Building on the insight that nationalisms and national identities endow economic policy with social purpose, Rawi Abdelal proposes a novel theoretical framework, a distinctively Nationalist perspective on international political economy, to answer this question. Using this framework, and drawing on field research in Lithuania, Ukraine, and Belarus, he provides an in-depth look at the link between national identity and the economic policies of the new states formed by the breakup of the Soviet Union.All these states, from the Baltic coast to central Asia, were economically dependent on Russia during the 1990s. However, they reacted very differently to that dependence, and their reactions can be traced, Abdelal contends, to their individual societies. Some, such as Belarus, found dependence inevitable and sought economic reintegration with Russia. Others, like Lithuania, interpreted dependence as a large-scale security threat and reoriented their economies away from Russia. A third group, typified by Ukraine, demonstrated no coherent economic policy at all regarding dependence.Abdelal distinguishes the Nationalist tradition in international political economy from the Realist tradition, and shows that economic nationalism is different than mercantilism. He demonstrates the ways that national identity affects economic policy and explains why some governments seek economic autonomy while others prefer regional reintegration. He then applies his approach to other cases of economic reorganization after the end of empire—eastern Europe in the 1920s after the Habsburgs, 1950s Indonesia, and French West Africa in the 1960s.
Author : Kristy Ironside
Publisher : Harvard University Press
Page : 321 pages
File Size : 48,9 Mb
Release : 2021-06-01
Category : History
ISBN : 9780674251649
A new history shows that, despite MarxismÕs rejection of money, the ruble was critical to the Soviet UnionÕs promise of shared prosperity for its citizens. In spite of Karl MarxÕs proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, money was resurrected as an essential tool of Soviet governance. Certainly, its importance was not lost on Soviet leaders, despite official Communist Party dogma. Money, Ironside demonstrates, mediated the relationship between the Soviet state and its citizens and was at the center of both the governmentÕs and the peopleÕs visions for the maturing Communist project. A strong rubleÑone that held real value in workersÕ hands and served as an effective labor incentiveÑwas seen as essential to the economic growth that would rebuild society and realize CommunismÕs promised future of abundance. Ironside shows how Soviet citizens turned to the state to remedy the damage that the ravages of the Second World War had inflicted upon their household economies. From the late 1940s through the early 1960s, progress toward Communism was increasingly measured by the health of its citizensÕ personal finances, such as greater purchasing power, higher wages, better pensions, and growing savings. However, the increasing importance of money in Soviet life did not necessarily correlate to improved living standards for Soviet citizens. The Soviet governmentÕs achievements in Òraising the peopleÕs material welfareÓ continued to lag behind the WestÕs advances during a period of unprecedented affluence. These factors combined to undermine popular support for Soviet power and confidence in the Communist project.
Author : Carsten Hefeker
Publisher : Routledge
Page : 171 pages
File Size : 47,7 Mb
Release : 2018-05-04
Category : Political Science
ISBN : 9780429979378
The currency question, Disreali is reported to have said, has made even more persons mad than love. A quantitative test of the accuracy of this comparison is, in the present deplorable state of medical statistics, scarcely possible, But Disraeli may well have been right.
Author : Anders Åslund
Publisher : Peterson Institute
Page : 389 pages
File Size : 44,9 Mb
Release : 2007
Category : Capitalism
ISBN : 9780881325379
Author : Yelena Nikolayevna Zabortseva
Publisher : Routledge
Page : 231 pages
File Size : 54,8 Mb
Release : 2016-05-20
Category : Social Science
ISBN : 9781317361961
Recent political developments in post-Soviet countries have raised novel issues regarding the stability of the post-Cold War world order. A new direction in policy has been exemplified by the recent bolstering of a number of post-Soviet political and economic institutions - such as CSTO, SCO and the Eurasian Economic Union - in which the role of Kazakhstan is considerable. In addition to its unique geopolitical location, Kazakhstan’s importance in regional integration structures and international relations more broadly is reinforced by its rich oil and uranium deposits. This book centres on an exploration of the changing relations between Russia and Kazakhstan and their impact on post-Soviet interactions with the rest of the world. The role of specific factors in the formation of the post-Soviet regional system will be explored in historical perspective. The multifaceted relations between Kazakhstan and Russia from 1991 to the contemporary period will be analysed in terms of relations in several spheres: political, military and security, Kazakhstan’s nuclear withdrawal, ethnicity and national identity, economic, foreign policies, regionalism and international trends and the impact of historic trends. An important analysis of Kazakhstan, the second largest country in the post-Soviet world, this book is of interest to researchers of International Relations, Post-Soviet Studies and Central Asia Studies.
Author : Mario I. Blejer,Marko Skreb
Publisher : Cambridge University Press
Page : 420 pages
File Size : 43,6 Mb
Release : 1999-04-28
Category : Business & Economics
ISBN : 0521640377
This book offers overviews of issues in banking sector reform and capital markets in Central and Eastern Europe, China and Israel.
Author : Marek Dabrowski
Publisher : Central European University Press
Page : 413 pages
File Size : 41,7 Mb
Release : 2003-01-01
Category : Business & Economics
ISBN : 9789633865620
The authors of this outstanding scholarly work analyze the dynamics of disinflation in transition economies in Central and Eastern Europe. The volume covers all the key factors of this process: changes in money supply and money demand; exchange rate policy; currency crisis; fiscal policy; legal status of central banks; monetary policy strategy; changes in relative prices and changes in nominal and real wages. The book contains 13 chapters related to various aspects of disinflation and covering different sets of transition countries depending on their relevance to the analyzed topic and data availability.
Author : Martha De Melo,Cevdet Denizer
Publisher : World Bank Publications
Page : 84 pages
File Size : 46,7 Mb
Release : 1997
Category : Electronic
ISBN : 8210379456XXX
Author : Christopher A. Hartwell
Publisher : Taylor & Francis
Page : 240 pages
File Size : 49,8 Mb
Release : 2023-05-10
Category : Business & Economics
ISBN : 9781000876512
This volume examines the experience of Kazakhstan’s transition over the past 30 years, explaining the political and economic performance of the country since the collapse of the USSR, through the country’s institutions, policy choices, and external environment. In an exploration of more than 1,000 years of institutional development, the chapters analyse and assess the development of political arrangements and governance, and economic institutions, from pre-Russian colonization through to the Soviet experiment, and then take a magnifying glass to developments in a post-Soviet, independent Kazakhstan. Using a broad range of sources and data across disciplines, this book is the first to explicitly survey Kazakhstan’s transition as a function of its history, its people, and its institutions. Breaking new ground in institutional economics, it provides readers with a comprehensive examination of the history and development of Kazakhstan, and points to where it may be heading in the 21st century. The subject matter is accessible to a broad academic audience: to scholars in political science, economics, and the history of Central Asia and Russia, as well as to those with an interest in general transition economics.
Author : Paul Wilson
Publisher : The History Press
Page : 325 pages
File Size : 43,5 Mb
Release : 2019-05-23
Category : Business & Economics
ISBN : 9780750991780
Money has the power to make nations and fuel wars. It is both the subject of diplomacy and the tool of those seeking to overthrow hostile regimes at home and abroad. Germany's hyperinflation following the First World War has entered the public consciousness as an extreme example of what can happen to a currency in conflict. What is not widely known is that it is by no means the worst case of war-induced hyperinflation. Hostile Money looks at the impact of war and revolution on national currencies – from Rome's civil war in the first century BC to the twenty-first-century invasions of Afghanistan and Iraq by American-led forces and the economic sanctions and cyberwarfare of today.
Author : Anders Åslund,George De Menil
Publisher : M.E. Sharpe
Page : 308 pages
File Size : 40,9 Mb
Release : 2000
Category : Business & Economics
ISBN : 0765606240
Despite Ukraine's "gradualist" approach to economic reform, results there have been no better than in Russia. This study outlines the major problems of the economy, analyzes the early phases of economic reform, assesses their outcomes and charts the way forward.
