The transmission mechanism to barter

This paper sets up a model to inquire into whether the rise and fall in barter transactions in Russia and other CIS countries during the 1990’s was an involuntary decision resulting from credit rationing or the consequence of firms’ optimal choice. We find that the transmission mechanism of the government policy contains the necessary information to answer the question. An inquiry into the empirics of the model is then conducted using data from Russia.

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Year of publication:	2004-12
Authors:	Noguera, Jose
Institutions:	Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI)
Subject:	Barter \| Interest rate \| Credit rationing \| Optimal choice

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Extent:	application/pdf
Series:	CERGE-EI Working Papers.
Type of publication:	Book / Working Paper
Classification:	E0 - Macroeconomics and Monetary Economics. General ; E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; F41 - Open Economy Macroeconomics ; P24 - National Income, Product, and Expenditure; Money; Inflation ; P26 - Political Economy; Property Rights
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005146535