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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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)|
|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)
|Date Deposited:||19 Aug 2008 14:29|
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