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Russian Dilemmas

This paper discusses some aspects of the legacy of the socialist past that make Russia's (or Ukraine's) macroeconomic policy problems rather different from those of the Latin American countries whose stabilisations are often cited as models for the USSR successor states. In particular, we want to consider (1) the structure of the inherited capital stock and (2) the lack of financial instruments, institutions, and markets.

Link http://www.ebrd.org/pubs/econo/wp0021.htm
Author Leijonhufvud, A., R?hl, Ch.
Date 01-Jan-1997
Institute EBRD
Tags Russia, macroeconomy, stock, Soviet

See also

  1. Who Lost Russia
  2. Relations After the EU Enlargement: The Visegrad Countries and Russia, Ukraine, Belarus and Moldova.
  3. Russian Leverage on the CIS and the Baltic States
  4. What do Russians think about transition?
  5. Capital flight and capital outflows from Russia: symptom, cause and cure

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