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  3. The Vanishing Rouble
  • Cited by 48
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    • Publisher:
      Cambridge University Press
      Publication date:
      05 May 2010
      30 November 2000
      ISBN:
      9780511720628
      9780521790376
      9780521795425
      DOI:
      https://doi.org/10.1017/CBO9780511720628
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.766kg, 402 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.59kg, 402 Pages
      • Subjects:
      Economics, Area Studies, European Studies, Economic Development and Growth
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    Subjects:
    Economics, Area Studies, European Studies, Economic Development and Growth
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    Book description

    One of the most remarkable aspects of the transition process in the former Soviet Union has been the extent to which the economy has effectively become demonetized in recent years. At the time of Russia's financial crisis of 1998 it was estimated that up to 70% of industrial output was being exchanged for barter. This book provides an accessible and authoritative analysis of barter in the former Soviet Union, addressing such questions as:What has brought about this demonetization and why have we not seen the same phenomenon on a widespread scale in central and eastern Europe?Does the nature of demonetization cast light on what underpins monetary transactions in industrial societies?What are the consequences for output and growth?Should the state intervene and how?Does the network character of many non-monetary transactions have implications for the role and value of social networks in complex modern societies?

    Reviews

    "...undoubtedly an important book...it provides a still rare example of how scholars from various professions can work together productively on the puzzling issues of the postsocialist transition." Slavic Review

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