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This paper asks whether Russia's protracted inflation stabilization might have caused a credit squeeze and hence might … indications about Russia's monetary stance from the point of view of the lending channel. We cannot reject that the huge excess …
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Is investment constrained more by insecure property rights or by limited external finance? For five transition economies in Eastern Europe and the former Soviet Union we find that weak property rights limit the reinvestment of profits in startup manufacturing firms. Access to credit does not...
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