In this paper we survey the common explanations of barter in transition economies and expose them to detailed survey data on 165 barter deals in Ukraine in 1997. The evidence does not support the notion that soft budget constraints, lack of restructuring, or that the virtual economy are the driving forces behind barter. Further, tax avoidance is only weakly associated with the incidence of barter in Ukraine. We then explore an alternative explanation of barter as a mechanism to address transitional challenges where capital markets and economic institutions are poorly developed. First, barter helps to maintain production by creating a deal-specific collateral which softens the liquidity squeeze in the economy when credit enforcement is prohi...
We build a model of imperfect competition where firms can sell for cash or in-kind payments. Barter ...
In this paper we study, both theoretically and empirically, the relationship between barter and the ...
Recently, Blanchard and Kremer (BK) argued that disorganization has led to the output decline in the...
In this paper we survey the common explanations of barter in transition economies and expose them to...
In this paper we survey the common explanations of barter in transition economies and expose them to...
This paper reports the findings of a survey of more than 3,000 firms in 20 transition countries. It ...
The rise of barter and non-cash payments has become a dominant feature of the Russian transition to ...
This paper reports the findings of a survey of more than 3,000 firms in 20 transition countries. It ...
2What needs to be done in order to address the phenomenon that money has vanished as a medium of exc...
This paper develops a model to investigate the welfare implications of barter in Russia and other tr...
This article addresses Russia's barter economy. Using interview data, it examines the mechanics of b...
The virtual economy argument for Russia suggests that barter -a payment in goods rather than cash - ...
The rapid growth of barter is one of the most surprising phenomena in Russia: As a percentage of in...
Abstract: We offer a simple economic model of repeated barter to explore current economic exchange i...
EnDemonetization is a dominant feature of transition in Russia and Ukraine. This paper studies a mec...
We build a model of imperfect competition where firms can sell for cash or in-kind payments. Barter ...
In this paper we study, both theoretically and empirically, the relationship between barter and the ...
Recently, Blanchard and Kremer (BK) argued that disorganization has led to the output decline in the...
In this paper we survey the common explanations of barter in transition economies and expose them to...
In this paper we survey the common explanations of barter in transition economies and expose them to...
This paper reports the findings of a survey of more than 3,000 firms in 20 transition countries. It ...
The rise of barter and non-cash payments has become a dominant feature of the Russian transition to ...
This paper reports the findings of a survey of more than 3,000 firms in 20 transition countries. It ...
2What needs to be done in order to address the phenomenon that money has vanished as a medium of exc...
This paper develops a model to investigate the welfare implications of barter in Russia and other tr...
This article addresses Russia's barter economy. Using interview data, it examines the mechanics of b...
The virtual economy argument for Russia suggests that barter -a payment in goods rather than cash - ...
The rapid growth of barter is one of the most surprising phenomena in Russia: As a percentage of in...
Abstract: We offer a simple economic model of repeated barter to explore current economic exchange i...
EnDemonetization is a dominant feature of transition in Russia and Ukraine. This paper studies a mec...
We build a model of imperfect competition where firms can sell for cash or in-kind payments. Barter ...
In this paper we study, both theoretically and empirically, the relationship between barter and the ...
Recently, Blanchard and Kremer (BK) argued that disorganization has led to the output decline in the...