The study analyzes the complex, inter-linked non-payments system in Russia, to include its origins, evolution, and factors contributing to its development. To the contrary, it identifies a minimum set of economic reforms needed to dismantle this system, suggesting the need for a political decision to stop subsidies to enterprises, explicit or implicit, thereby ensuring hard budget constraints. Corrective policies will need to address: a continued...
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INFORMATION
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2000/06/30
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Publication
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WTP471
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1
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1
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2010/07/01
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Dismantling Russia's nonpayments system - creating conditions for growth
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hard budget constraint
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