Description: Further DetailsTitle: Market Without EconomyCondition: NewISBN-10: 3898214079EAN: 9783898214070ISBN: 9783898214070Publisher: ibidem-Verlag, Jessica Haunschild u Christian SchonFormat: PaperbackRelease Date: 01/15/2007Description: The 1998 financial crisis in Russia was one of the most dramatic economic breakdowns and symbolized the failure of the transition process as it had been conducted since the end of the Soviet Union. There is no general agreement on the nature of the rouble collapse; a number of contradictory interpretations have been discussed among economists. This book argues that the Russian 1998 financial turmoil is best predicted by Krugman's and Sargent-Wallace's models. The currency collapse had its origins in the peculiar way in which the transition was managed. In particular, the Russian government became entrapped in the double constraint of a tight monetary policy imposed by the IMF on the one side, and a loose fiscal policy to support the private sector on the other. Those policies were inconsistent, and led to inflationary processes that were postponed through emission of a large amount of Treasury Bonds to finance the fiscal deficit. At the same time, a tight monetary policy retarded the recovery of the industrial sector.While the particular timing of the crisis was co-determined by other factors, such as the Asian financial crisis and the fall of the oil price, it was this incoherent monetary and financial policies mix that constituted the main cause of the rouble's spectacular collapse in August 1998. The book provides extensive coverage of a decade of Russian reforms. It critically analyzes neo-liberal ideology and the course of the transition process supported by the Washington Consensus.Language: EnglishCountry/Region of Manufacture: DEItem Height: 210mmItem Length: 148mmItem Weight: 1000gAuthor: Nicola MelloniGenre: Business & FinanceBook Series: Soviet and Post-Soviet Politics and SocietySubtitle: The 1998 Russian Financial CrisisContributor: Eiji Furukawa (Foreword by), Andreas Umland (Series edited by)Release Year: 2007 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
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Book Title: Market Without Economy
Title: Market Without Economy
ISBN-10: 3898214079
EAN: 9783898214070
ISBN: 9783898214070
Release Date: 01/15/2007
Release Year: 2007
Country/Region of Manufacture: DE
Genre: Business & Finance
Subtitle: The 1998 Russian Financial Crisis
Contributor: Andreas Umland (Series edited by)
Number of Pages: 156 Pages
Publication Name: Market Without Economy : the 1998 Russian Financial Crisis
Language: English
Publisher: Ibidem Verlag
Publication Year: 2007
Item Height: 0.1 in
Subject: Banks & Banking, Economic History, Economics / Macroeconomics, International / General, Public Policy / Economic Policy
Features: New Edition
Item Weight: 35.3 Oz
Type: Textbook
Author: Nicola Melloni
Item Length: 0.8 in
Subject Area: Political Science, Business & Economics
Item Width: 0.6 in
Series: Soviet and Post-Soviet Politics and Society Ser.
Format: Trade Paperback
