The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage
The transition from a planned to a decentralised market economy amongst the new independent republics of the former Soviet Union has often been accompanied by harsh political competition to obtain the responsibility for implementing the required institutional reforms. A brief overview is provided of...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10510 |
| _version_ | 1811172443986853888 |
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| author | M. CARUSO |
| author_facet | M. CARUSO |
| author_sort | M. CARUSO |
| collection | DOAJ |
| description | The transition from a planned to a decentralised market economy amongst the new independent republics of the former Soviet Union has often been accompanied by harsh political competition to obtain the responsibility for implementing the required institutional reforms. A brief overview is provided of the components of these transitions towards a market economy. An estimate is made of the seignorage in these transitions by assessing the inflation tax on money holders that is implicit in the very high growth rates of prices in 1992.
JEL Codes: E02, P20
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| first_indexed | 2024-04-10T17:31:14Z |
| format | Article |
| id | doaj.art-480aad4fbfeb4477a05f4b5e611a2b1c |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:14Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-480aad4fbfeb4477a05f4b5e611a2b1c2023-02-03T16:46:30ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-014819210.13133/2037-3643/10510The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorageM. CARUSOThe transition from a planned to a decentralised market economy amongst the new independent republics of the former Soviet Union has often been accompanied by harsh political competition to obtain the responsibility for implementing the required institutional reforms. A brief overview is provided of the components of these transitions towards a market economy. An estimate is made of the seignorage in these transitions by assessing the inflation tax on money holders that is implicit in the very high growth rates of prices in 1992. JEL Codes: E02, P20 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10510EvaluationEconomic aspectsCapitalismFormer Soviet Union |
| spellingShingle | M. CARUSO The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage PSL Quarterly Review Evaluation Economic aspects Capitalism Former Soviet Union |
| title | The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage |
| title_full | The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage |
| title_fullStr | The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage |
| title_full_unstemmed | The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage |
| title_short | The first stage of the transition in the economies of the former USSR: asymmetric shocks, macroeconomic imbalances and seigniorage |
| title_sort | first stage of the transition in the economies of the former ussr asymmetric shocks macroeconomic imbalances and seigniorage |
| topic | Evaluation Economic aspects Capitalism Former Soviet Union |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10510 |
| work_keys_str_mv | AT mcaruso thefirststageofthetransitionintheeconomiesoftheformerussrasymmetricshocksmacroeconomicimbalancesandseigniorage AT mcaruso firststageofthetransitionintheeconomiesoftheformerussrasymmetricshocksmacroeconomicimbalancesandseigniorage |