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, London, UK.

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Abstract

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:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 1993 J.Rostowski
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HF Commerce
Date Deposited:	19 Aug 2008 14:29
Last Modified:	13 Sep 2024 19:34
URI:	http://eprints.lse.ac.uk/id/eprint/20968

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