Savings and Inflation Using the Example of Russia in 1992

Sergey Blinov

MPRA Paper from University Library of Munich, Germany

Abstract: Savings are a huge boon for the economy. This means both growth today and prospects for growth tomorrow. This is both an investment resource and a medicine for inflation. However, mistakes made in managing the savings by economic authorities, may turn everything upside down and then the savings become a cause of inflation and many other economic woes. This is exactly what happened in the far-off 1992 in Russia. Two approaches: reliable tools and advantages of the bond type form of savings would enable Russia to quickly create a significant stock of «long» money and increase the GDP and, at the same time, significantly reduce inflation.

Keywords: Savings; Inflation; Shock Therapy; Transitional Economies; Russia (search for similar items in EconPapers)
JEL-codes: E20 E21 E31 E32 E52 E65 N10 P20 P24 (search for similar items in EconPapers)
Date: 2015-10-09
New Economics Papers: this item is included in nep-cis, nep-mac and nep-tra
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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