The influence of changes in broad money growth on future inflation is considerably weaker and more protracted as the new economic environment in Russia has become more stable. Our evidence suggests that the systematic pattern for money-price relationship is fading in the new environment. Also,...

This book explores the disastrous economic consequences of pseudo lending for pseudo reforms that occurred when the IMF, as a representative of the West, pretended to aid the transition economy of post-communist Russia through stabilization while the Russian government promised reforms