The inter-enterprise debt explosion in the former Soviet Union: causes, consequences, cures

J. Rostowski

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

JEL-codes: L81 (search for similar items in EconPapers)
Pages: 61 pages
Date: 1993-04
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Citations: View citations in EconPapers (16)

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