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Perestroika And Ruble Convertibility

Author

Listed:
  • Edgar L. Feige

    (University of Wisconson-Madison)

Abstract

This paper examines the role of money in market and centrally planned economies. It then proposes a program and sequence of institutional, macroeconomic and monetary reform aimed at achieving a stable transition. An egalitarian redistribution of the state's custodial assets to its citizens is viewed as an necessary prelude to the introdcution of market reforms if the transition process is to achive the goals of efficiency and equity. The paper is to be published in the Cato Journal, Vol. 10 No. 3, Winter, 1991

Suggested Citation

  • Edgar L. Feige, 2004. "Perestroika And Ruble Convertibility," Development and Comp Systems 0404002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0404002
    Note: Type of Document - pdf; pages: 23
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0404/0404002.pdf
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    Citations

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    Cited by:

    1. Edgar L. Feige, 2003. "The Transition to a Market Economy in Russia: Property Rights, Mass Privatization and Stabilization," Development and Comp Systems 0312001, University Library of Munich, Germany.
    2. Steve H. Hanke and Kurt Schuler, 1993. "Currency Boards and Currency Convertibility," Cato Journal, Cato Journal, Cato Institute, vol. 12(3), pages 687-727, Winter.
    3. A. James Meigs, 1993. "Eurodollars: A Transition Currency," Cato Journal, Cato Journal, Cato Institute, vol. 12(3), pages 711-730, Winter.
    4. Ibish Mazreku & Fisnik Morina & Valdrin Misiri & Jonathan V. Spiteri & Simon Grima, 2018. "Determinants of the Level of Non-Performing Loans in Commercial Banks of Transition Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 3-13.
    5. Alan Reynolds, 1993. "Monetary Reform in Russia: The Case for Gold," Cato Journal, Cato Journal, Cato Institute, vol. 12(3), pages 657-686, Winter.
    6. M. Nurhayati & A. Thoyib & Noermijati & D.W. Irawanto, 2018. "Impersonal Trust and Perceived Organizational Politics on Organizational Commitment," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 391-403.

    More about this item

    Keywords

    transition; convertibility; wealth redistribution; liberalization; stabilization; institutional reform;
    All these keywords.

    JEL classification:

    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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