This paper is based on a 1996 industrial survey of 420 Russian firms' actual position, as opposed to their expectations and declared intentions. Factor analysis and ordered Probit techniques are used to test relationships between the various responses. The main conclusions are: 1) profit depends...

Barter in Russia can be explained by firms' liquidity constraint: it is strongly correlated with financial tightness. However, a microeconomic analysis reveals that the rationale behind this liquidity constraint is different according to the firm situation. For firms in a good economic...

[eng] Financial systems and growth in Mediterranean area : a comparative analysis . Theoretical and empirical analysis highlight the decisive role of capital accumulation in income growth. This accumulation can be improved by developing and strengthening the financial system. The purpose of this...