Le troc en Russie. Un problème de liquidité ou de solvabilité ?

Sophie Brana and Mathilde Maurel

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Abstract: Barter in Russia can be explained by firms liquidity constraint: it is strongly correlated with financial tightness. However a micro-economic analysis reveals that the rationale behind this liquidity constraint is different according to the firm situa­tion. For firms in a good economic situation, but faced with adverse selection prob­lem and having no access to bank credit, barter acts as a substitute for short term credit. While for indebted firms, barter, in the same way as external finance, is a way of avoiding costly restructuring.

Keywords: Troc; Russie (search for similar items in EconPapers)
Date: 2000
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Published in Revue Economique, 2000, 51 (3), pp.659-669. ⟨10.2307/3503153⟩

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Related works:
Journal Article: Le troc en Russie. Un problème de liquidité ou de solvabilité ? (2000)
Working Paper: Le troc en Russie. Un problème de liquidité ou de solvabilité ? (2000)
Working Paper: Le troc en Russie. Un problème de liquidité ou de solvabilité ? (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00468758

DOI: 10.2307/3503153

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