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Law in Transition and Development: The Case of Russia

Marin, Dalia - 2004

The rise of barter and non-cash payments has become a dominant feature of the Russian transition to a market economy. This paper confronts with empirical evidence two approaches to explain barter in Russia: the 'illusion view' and the 'trust view' of barter. The 'illusion view' suggests that...

Persistent link: https://www.econbiz.de/10010333765

Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries

Marin, Dalia; Huang, Haizhou; Xu, Chenggang - International Monetary Fund (IMF) - 2004

bank to nonbank finance, including trade credits and barter trade, generating an externality on banks' interest rates. The …

Persistent link: https://www.econbiz.de/10005769070

The Vanishing Barter Economy in Russia: A Test of the Virtual Economy Hypothesis? Reply to Barry Ickes

Marin, Dalia - Volkswirtschaftliche Fakultät, … - 2006

Persistent link: https://www.econbiz.de/10005187275

The Vanishing Barter Economy in Russia: A Test of the Virtual Economy Hypothesis? Reply to Barry Ickes

Marin, Dalia - 2004

This paper is a reply to Barry Ickes' critique of my paper 'Trust versus Illusion: What is Driving Demonetization in Russia?' in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust.

Persistent link: https://www.econbiz.de/10010333891

Trust vs Illusion: What is driving Demonetization in Russia?

Marin, Dalia - 2000

The virtual economy argument for Russia suggests that barter allows the parties to pretend that the manufacturing sector is producing value by enabling this sector to sell its output at a higher price than its market value. We confront this prediction with the actual pricing behavior of...

Persistent link: https://www.econbiz.de/10010427339

Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies

Marin, Dalia; Huang, Haizhou; Xu, Chenggang - 2002

firms may find it cheaper to raise liquidity through non-bank finance (trade credits from other firms) rather than through … bank finance. As a result non-bank finance may generate an externality on the lending rates of banks. In equilibrium most … firms in the economy rely on non-bank finance and the financial sector focuses on trading government securities. The …

Persistent link: https://www.econbiz.de/10010427358

The Vanishing Barter Economy in Russia: A Test of the Virtual Economy Hypothesis? Reply to Barry Ickes

Marin, Dalia - 2006

This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in Russia?” in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust.

Persistent link: https://www.econbiz.de/10010427466

Trust vs Illusion: What is driving Demonetization in Russia?

Marin, Dalia - Volkswirtschaftliche Fakultät, … - 2000

Persistent link: https://www.econbiz.de/10005121223

Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies

Marin, Dalia; Huang, Haizhou; Xu, Chenggang - Volkswirtschaftliche Fakultät, … - 2002

Persistent link: https://www.econbiz.de/10005649784

Barter In Transition Economies: Competing Explanations Confront Ukrainian Data

Gorochowskij, Bogdan; Kaufmann, Daniel; Marin, Dalia - C.E.P.R. Discussion Papers - 2000

In this paper we survey the common explanations of barter in transition economies and expose them to detailed survey data on 165 barter deals in Ukraine in 1997. The evidence does not support the notion that soft budget constraints, lack of restructuring, or that the virtual economy are the...

Persistent link: https://www.econbiz.de/10005656304