PERESTROIKA AND RUBLE CONVERTIBILITY

Edgar L .Feige ()

Development and Comp Systems from EconWPA

Abstract: This paper examines the role of money in market and centrally planned economies. It then proposes a program and sequence of institutional, macroeconomic and monetary reform aimed at achieving a stable transition. An egalitarian redistribution of the state's custodial assets to its citizens is viewed as an necessary prelude to the introdcution of market reforms if the transition process is to achive the goals of efficiency and equity. The paper is to be published in the Cato Journal, Vol. 10 No. 3, Winter, 1991

Keywords: transition; convertibility; wealth redistribution; liberalization; stabilization; institutional reform (search for similar items in EconPapers)
JEL-codes: P3 O1 O2 P1 P2 D7 E6 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tra
Date: Written 2004-04-06
Note: Type of Document - pdf; pages: 23
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