The transmission mechanism to barter

Jose Noguera

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: This paper sets up a model to inquire into whether the rise and fall in barter transactions in Russia and other CIS countries during the 1990’s was an involuntary decision resulting from credit rationing or the consequence of firms’ optimal choice. We find that the transmission mechanism of the government policy contains the necessary information to answer the question. An inquiry into the empirics of the model is then conducted using data from Russia.

Keywords: Barter; Interest rate; Credit rationing; Optimal choice (search for similar items in EconPapers)
JEL-codes: E0 E4 E5 F41 P24 P26 (search for similar items in EconPapers)
Date: 2004-12
New Economics Papers: this item is included in nep-cis and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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