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Interenterprise Arrears in Post-Communist Economies

Author

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  • Jacek Rostowski

Abstract

The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a stabilization attempt that is not credible. In the latter case, the result can be a sharp fall in output. Non-market and market solutions to this problem are analyzed, and the advantages of the latter over the former are stressed.

Suggested Citation

  • Jacek Rostowski, 1994. "Interenterprise Arrears in Post-Communist Economies," IMF Working Papers 1994/043, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1994/043
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=1184
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    Citations

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    Cited by:

    1. Hirvensalo, Inkeri, . "Strategic Adaptation of Enterprises to Turbulent Transitionary Markets. Operative Strategies of Finnish Firms in Russia and the Baltic States during 1991-95," ETLA A, The Research Institute of the Finnish Economy, number 24, June.
    2. G. Alfandari & M.E. Schaffer, 1996. ""Arrears" in the Russian Enterprise Sector," CERT Discussion Papers 9608, Centre for Economic Reform and Transformation, Heriot Watt University.
    3. Anders Åslund, 2017. "Lessons from the Collapse of the Ruble Zone," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(04), pages 12-18, January.
    4. Anders Aslund, 2012. "Why a Breakup of the Euro Area Must Be Avoided: Lessons from Previous Breakups," Policy Briefs PB12-20, Peterson Institute for International Economics.
    5. Marek Dabrowski & Lukasz Janikowski, 2018. "Virtual currencies and their potential impact on financial markets and monetary policy," CASE Reports 0495, CASE-Center for Social and Economic Research.
    6. Anders Åslund, 2017. "Lessons from the Collapse of the Ruble Zone," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(4), pages 12-18, January.

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