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Alla, Fridman; Aleksey, Verbetsky - EERC Research Network, Russia and CIS - 2001

Due to high inflation and the lack of financial instruments, the Russian economy is currently highly dollarized. The share of dollars in the total amount of cash circulating in the Russian economy constitutes about 80%. What is the degree of this currency substitution phenomenon? What are the...

Persistent link: https://www.econbiz.de/10005650271

Endogenous Tariff Protection and the Level of Trade Distortions in Russia

Serguey, Afontsev - EERC Research Network, Russia and CIS - 2002

This paper addresses the political economy background of import protection policy in Russia under the system of policy …

Persistent link: https://www.econbiz.de/10005650272

Risk Attitudes and Choice under Uncertainty: Experimental Evidence from Russia

Alexis, Belianin - EERC Research Network, Russia and CIS - 1998

This paper presents the results of one of the first experimental studies of individual choice in transitional Russia …

Persistent link: https://www.econbiz.de/10005650274

Fiscal Decentralization and Soft Budget Constraints

Andrey, Timofeev - EERC Research Network, Russia and CIS - 2002

Liberalization policies of transition have led to the mass reduction of enterprise subsidization which prevailed in socialist economies. However, in some sectors of the economy, subsidies associated with price controls remain due to "social" and "political" factors. Moreover in multi-tier...

Persistent link: https://www.econbiz.de/10005650275

Price Discovery and Market Information in the Transition Economy of Russia: A Laboratory Study

Menkhaus Dale J.; Alla, Yakunina - EERC Research Network, Russia and CIS - 2002

Using laboratory experiments we study how the levels of prices, quantities traded, and earnings are affected in decentralized as compared with centralized trading in the case of spot delivery; and if market price reports can improve efficiency in decentralized trading. Results indicate that...

Persistent link: https://www.econbiz.de/10005650277

Adjusting Boundaries of Russian Firms

Olga, Lazareva - EERC Research Network, Russia and CIS

During the last decade we witnessed huge wave of reorganizations in Russian industrial sector: split-ups, spin-offs, mergers and acquisitions. Firms adjusted their boundaries according to the new economic conditions. Little is known however about this process and its determinants. The first goal...

Persistent link: https://www.econbiz.de/10005518996

On convergence of contractual trajectories in pure exchange economies

Valery, Marakulin - EERC Research Network, Russia and CIS - 2006

The study is aimed to investigate the convergence to equilibrium of trajectories generated by contractual processes. “Contractual process” is a view on economy’s self-regulation, describing any state of exchange economy as a set of barter contracts among agents/coalitions. It is assumed...

Persistent link: https://www.econbiz.de/10005519002

A Model of the Russian Crisis Development

Alexander, Andryakov; Evsey, Gurvich - EERC Research Network, Russia and CIS - 2002

the crisis. The sources of the 1998 financial crisis in Russia are discussed. We argue that some of the effects revealed …

Persistent link: https://www.econbiz.de/10005519003

Monetary policy rules and their application in Russia

Anna, Vdovichenko; Victoria, Voronina - EERC Research Network, Russia and CIS - 2004

This paper examines the Bank of Russia behaviour in post crisis period. Special attention is devoted to econometric … excess liquidity by the Bank of Russia. Empirical results support preliminary assumptions made on the basis of qualitative … Bank of Russia were turned to the regulation of the exchange rate. There are some reasons to suggest that the Central Bank …

Persistent link: https://www.econbiz.de/10005519004

Can Government Paternalism Prevent Credit Market Failure?

Akhmed, Akhmedov; Evgeniy, Orlov - EERC Research Network, Russia and CIS - 2004

This paper investigates how the possibility of government subsidies to firms affects lending and managerial incentives. We develop a model that shows that government support can perform as implicit insurer of firms, which leads to two main effects: lowering incen-tives of managers and increase...

Persistent link: https://www.econbiz.de/10005519006