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Monetary Policy In Transition: Inflation Nexus Money Supply In Postcommunist Russia.

Monetary Policy In Transition: Inflation Nexus Money Supply In Postcommunist Russia.

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  • ISBN:9781403987433
  • Editorial: Macmillan Publishers
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:240
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Lack of co-ordination of fiscal and monetary policies, disregard for the high degree of inflation persistency, unstable relations and bilateral causality between money supply and inflation, all imply an inappropriateness of money-based stabilizations for the transition economy of postcommunist Russia conducted under the auspices of the IMF. As a representative of the West, the IMF pretended to aid Russians through stabilization. The IMF promised loans while the Russian government promised reforms. This turned out to be a pseudo lending for pseudo reforms with disastrous consequences for the Russian economy as explored and scrutinized in this volume.

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