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Barter and non-monetary transactions in transition economies: Evidence from a cross-country survey
November 23, 2007 11:48

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.

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Tags: firm, barter, monetary, Russia, central, and, eastern, Europe