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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. Centre for Economic Performance, London School of Economics and Political Science, 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
Library of Congress subject classification: H Social Sciences > HF Commerce
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 142
Date Deposited: 19 Aug 2008 14:29
URL: http://eprints.lse.ac.uk/20968/

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