Cash Shortage in the Former Soviet Union

Autor:	Ashok Lahiri, Daniel C. Hardy
Rok vydání:	1996
Předmět:	Economics and Econometrics Banknote Economic policy media_common.quotation_subject Economic shortage International economics Interest rate Exchange rate Cash Economics Production (economics) Russian federation Soviet union media_common
Zdroj:	Journal of Comparative Economics. 22:119-140
ISSN:	0147-5967
DOI:	10.1006/jcec.1996.0014
Popis:	An unexpected shortage of banknotes emerged during 1992 in the former Soviet Union. The cash shortage is explained by the asymmetry in the monetary union that prevailed, under which one member, the Russian Federation, controlled banknote production while every member could create deposit money. Adjustments in interest rates or the cash–deposit exchange rate could have mitigated the shortage. The possible efficiency costs of the cash shortage are explored.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a661892a418045fb0f154ab8ed2592e5 https://doi.org/10.1006/jcec.1996.0014 Zobrazit plný text záznamu Full Text from ScienceDirect