Restructuring, Stabilizing and Modernizing the New Russia: Economic and Institutional Issuesby Paul J.J. Welfens
Pub. Date: 06/16/2000
Publisher: Springer-Verlag New York, LLC
The Russian transformation crisis is analyzed and put into the context of national policy failures and international shocks. The study also has a focus on structural change and foreign direct investment - including an econometric perspective. Basic problems of economic opening-up, macroeconomic policy and aspects of political economy are also discussed. The role of institutional reforms, membership in international organizations and supply-side policies are emphasized.
- Springer-Verlag New York, LLC
- Publication date:
- Product dimensions:
- 5.90(w) x 9.40(h) x 1.40(d)
Table of Contents
P.J.J. Welfens, Y. Gavrilenkov: Introduction.- The Russian Transformation Crisis: P.J.J. Welfens: Efficient External Liberalization in Russian Transformation.- Introduction.- Traditional and New Approaches for External Liberalization.- Policy Conclusions for Russia.- T. Komulainen: Currency Crisis Theories - Some Expanations for the Russian Case.- Introduction.- Currency Crisis Theories.- Conclusion.- R. Wiegert: Banking Sector and Financial Intermediation in the Russian Transformation Process.- Systemic Transformation, Growth Requirements and Financial Stability.- The Role of the Banking Sector.- Consequences for the Russian Banking Sector.- R. Grinberg: Institutional Failures of Market Transformation of the Russian Economy.- Introduction.- Examples of Institutional Failures in the Reform Policy in Russia.- The West in the Trap of Self-deception.- Russia Between Old and New Institutions.- The Reform of Institutional Basis of Economic Policy in Russia.- V. Gligorov, N. Sundstrom: Russian Crisis: Causes, Developments, Contagion and Prospects.- Introduction.- Constitution and Transformation.- Budgets, Markets and Banks.- Policy Responses and Mistakes.- The Collapse and Contagion.- Russian Prospects.- Conclusion.- Restructuring in Transition Economies: R. Döhrn: Foreign Direct Investment in Russia: An Engine of Structural Adjustment?.- Statistical Background.- Determinants of FDI and Projections for Russia.- FDI, Capital Formation, and Structural Change.- Conclusions.- G. Serebryakov: Russian Economy: Structural Change and Econometric Prospective.- Aggregate Econometric Macro Model for Russian Economy.- RIM - Russian Inter-industry Model.- Modeling and Some Specific Features of Russian Economy.- Economic Growth and Structural Change in 1990 - 1997.- Issues on Labor and Capital Costs Analysis.- Some Issues in Current Economic Development and Perspective Model Simulations.- Z. Ludvig: Economic Opening-Up, Policy Reforms and Relations with International Organizations: A Parallel between Hungary and Russia - Some Major Differences and Similarities.- Economic Opening-up and the Role of Foreign Trade Liberalization.- Relationship with International Organizations.- Stabilizing Russia: E. Gavrilenkov: Introduction.- The Impact of Monetary Policy on Macroeconomic Performance in Present Russia and Some Political Economy Issues.- The Conduct of Monetary Policy in Russia in the Context of International Experience and Conducting of Monetary Policy with Different Regimes.- Monetary Policy, Liquidiy Problems and Foreign Debt Service.- M. Vogelsang: Russian Capital Markets and International Financial Flows.- Introduction.- Some Questions on Recent Financial Crises.- The Model.- Capital Markets and Economy's Wealth.- Exit Tax.- Some Remarks on Tax and Other Capital Controls.- Conclusion.- C. Faber, H. Strohe: Consumer Prices in Russia and Transforming Official Statistics.- Preface.- Some Short Methodological Notes Concerning the Russian CPI.- The Development of Russian CPI within the 90s.- A Comparison of CPI Development with other Economic Indicators.- Problems Concerning the Statistics of Consumer Prices.- Recommendations.- F. Bohn: The Rationale for Seigniorage in Russia - A Model-Theoretic Approach.- Introduction.- Economic and Political Model Components.- A Formal Intertemporal Model.- Conclusion and Outlook.- U. Thießen: Overcoming the Russian Banking Crisis: Theory, Some Empirical Findings and Policy Options.- Introduction.- Background of the Banking Crisis, Economic Costs, and Approach of the Authorities.- Modern Theoretical Findings of the Workings of Financial Markets and Their Contribution to Economic Growth.- Empirical Findings on the Workings of Financial Markets with Special Reference to Transition Countries.- Policy Options.- Concluding Remarks.- Modernizing Russia: P. J.J. Welfens: Institutions and Transition: On the Way to a Market Economy - Theory and Application to Russia.- Introduction.- From a Distorted Socialist Environment to Institutions of a Market Economy.- International Institutional Impulses.- Conclusions.- P. Sutela: Overcoming the Transformation Crisis - Selected Issues and Policy Options in Russia.- Introduction.- The Russian Economy After August 1999.- Is Industrial Growth Sustainable?.- The Emerging Russian Economic System.- Could Something Be Done?.- T. Brockmeier: Nurturing Entrepreneurship and the Role of Co-operatives.- Introduction.- Theoretical Framework.- Co-operatives as a Means to Foster Entrepreneurship.- Summary.- O. Nosova: Foreign Direct Investment and Growth in Russia, Poland and the Ukraine.- Introduction.- Institutional Transformation: Capital Flows in Eastern Europe.- The Impact of Foreign Trade and Foreign Direct Investment on Transformation to Economic Stabilization and Growth.- Policy Considerations for Poland, Russia and Ukraine.- N. Oding: Reforming the Natural Monopoly - the Case of Railroad Transport.- Introduction: Challenges of Reform in Transport.- Characteristic Features of Markets with Natural Monopolies.- Reform on Railways: International Practices.- Railway Reforms in Russia.- Economic Roundtable: Internatl and External Russian Transition Problems: E. Gavrilenkov: Permanent Crisis in Russia: Selected Problems of Macroeconomic Performance.- Introduction.- Background.- Financial Markets and Fiscal Performance.- Selected Problems of Tax Collection and Capital Flight.- R. Grinberg: Systematic Transformation in Russia: Outcomes, Causes, New Imperatives.- Outcomes.- Main Causes of the Transformation Crisis.- Towards a New Approach to Economic Policy in Russia.- H. Strohe, C. Faber: Official Statistics in Russia and the Measurement of the Crisis - Some Remarks on Russian Price Statistics.- Introduction.- The General Situation.- The State Committee for Statistics.- The Example of Price Statistics.- N. Oding, A. Zaostrovzev: Rent-seeking as a Source of Macroeconomic Instability in Russia.- The Roots of a Rent-seeking Society: Microeconomic Foundations of a Macroeconomic Crisis.- Three Stages in the History of Rent-seeking Strategies and Macro-economic Instability in Russia (since 1992).- Conclusions.- O. Nosova: Foreign Trade and Foreign Direct Investment in Transformation Crisis in Russia and Ukraine.- Introduction.- Theoretical Model.- Empirical Considerations.- Appendix: Selected Macroeconomic Data on Russia and Eastern Europe.- Selection of Links and Internet Pages of Research Institutions Related to Russia.- About the Project: Real and Monetary Transformation Crisis in Russia: Developments, Analysis and Sustainable Transformation.
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >