The inter-enterprise debt explosion in the former Soviet Union: causes, consequences, cures
Rostowski, J.
(1993).
The inter-enterprise debt explosion in the former Soviet Union: causes, consequences, cures.
(CEP discussion paper 142).
London School of Economics and Political Science. Centre for Economic Performance.
The reasons for the growth of inter-enterprise debt analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a non-credible stabilization attempt. In the latter case the results can be a sharp fall in output. Non-market and market solutions to this problem are analyzed, and the advantages of the latter over the former are stressed.
| Item Type | Working paper |
|---|---|
| Copyright holders | © 1993 J.Rostowski |
| Departments | LSE > Research Centres > Centre for Economic Performance |
| Date Deposited | 19 Aug 2008 |
| URI | https://researchonline.lse.ac.uk/id/eprint/20968 |
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- https://www.scopus.com/pages/publications/0042945212 (Scopus publication)
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