Barter in Russia: Liquidity Shortage Versus Lack of Restructuring

Sophie Brana and Mathilde Maurel

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

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 a substitute for short term credit. While for indebted firms, barter, in the same ways as external finance, is a way of avoiding costly restructuring

Keywords: Barter; non-monetary transactions; virtual economy; Russia; transition (search for similar items in EconPapers)
JEL-codes: C22 C23 E5 P2 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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https://shs.hal.science/halshs-03707293 (application/pdf)

Related works:
Working Paper: Barter in Russia: Liquidity Shortage Versus Lack of Restructuring (1999)
Working Paper: Barter in Russia: Liquidity Shortage Versus Lack of Restructuring (1999)
Working Paper: Barter in Russia: Liquidity Shortage Versus Lack of Restructuring (1999)
Working Paper: Barter in Russia: Liquidity Shortage versus Lack of Restructuring (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:j99098

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