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Barter and non-monetary transactions in transition economies: Evidence from a cross-country survey

This paper reports the findings of a survey of more than 3,000 firms in 20 transition countries. It shows that barter and other non-monetary transactions (including the use of bills of exchange, debt swaps, barter chains, and the redemption of debt in goods) are an important phenomenon in Russia and Ukraine. Contrary to what is commonly believed, they are not negligible in central and eastern Europe.

Link http://www.ebrd.org/pubs/econo/wp0050.htm
Author Carlin, W., Fries, S., Schaffer, M., Seabright, P
Date 01-Jun-2000
Institute EBRD
Tags firm, barter, monetary, Russia, central, and, eastern, Europe

See also

  1. Entrepreneurs and the ordering of institutional reform: Poland, Romania, Russia, the Slovak Republic and Ukraine compared
  2. Measuring corruption in Eastern Europe and Central Asia : a critique of the cross-country indicators
  3. Private ownership and corporate performance: evidence from transition economies
  4. Road infrastructure in Europe and Central Asia : does network quality affect trade ?
  5. Customer market power and the provision of trade credit : evidence from Eastern Europe and Central Asia

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