Barter, Credit and Welfare - a Theoretical Inquiry into the Barter Phenomenon in Russia

This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies during the 1990s. We argue that barter is a welfare-improving phenomenon that acts as a defence mechanism against monetary instability. When firms react to tighter credit markets by switching to barter, the risk they face diminishes, allowing for a higher level of production

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Year of publication:	2006
Authors:	Noguera, José de J. ; Linz, Susan Johnston
Publisher:	[S.l.] : SSRN
Subject:	Russland \| Russia \| Tauschwirtschaft \| Barter economy \| Kredit \| Credit \| Wohlfahrtsanalyse \| Welfare analysis \| Zahlungsverkehr \| Payment transactions

Extent:	1 Online-Ressource (27 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics of Transition, Vol. 14, No. 4, pp. 719-745, October 2006
Classification:	E0 - Macroeconomics and Monetary Economics. General ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; P20 - Socialist Systems and Transitional Economies. General ; P21 - Planning, Coordination, and Reform ; P23 - Factor and Product Markets; Industry Studies; Population ; P26 - Political Economy; Property Rights
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014055574