Financial Stabilization Models

Ivan V. Sergienko, Mikhail Mikhalevich and Ludmilla Koshlai
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Ivan V. Sergienko: National Academy of Sciences of Ukraine
Mikhail Mikhalevich: National Academy of Sciences of Ukraine
Ludmilla Koshlai: National Academy of Sciences of Ukraine

Chapter Chapter 1 in Optimization Models in a Transition Economy, 2014, pp 1-69 from Springer

Abstract: Abstract Financial crisis in the form of malfunction in money turnover had become one of the first serious problems faced by the post-communist countries in their transition from centralized planned economy to an open-market economy. The most dangerous and destructive forms of this malfunction at that time were the inflation and non-payment crisis. The banking sector had been getting huge rents from inflation, mainly because of the negative real interest rates paid to depositors.

Keywords: Money Turnover; Soft Budget Constraint (SBC); Demand Inflation; Cost Inflation; Best Linear Unbiased Estimator (BLUE) (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spochp:978-1-4899-7544-7_1

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DOI: 10.1007/978-1-4899-7544-7_1

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