Russian Reform/International Money

Russian Reform/International Money PDF Author: Egor Timurovich Gaĭdar
Publisher: MIT Press
ISBN: 9780262071659
Category : Business & Economics
Languages : en
Pages : 172

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Book Description
These lectures by Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Departing from tradition, both Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the vast economic changes spreading across Europe--economic reform in the East and growing economic integration in the West. Gaidar helped launch Russian economic reforms in 1992; Pöhl fought the hyperinflation in Europe of the 1970s and 1980s and laid the groundwork for monetary stability in Western Europe. These lectures provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Gaidar reviews the events that led up to the August coup in Russia to argue that gradualism was not a viable approach to economic reform. He describes the conditions and dilemmas of the time, observing that reform in Russia is as much a political puzzle as it is an economic challenge. He outlines the successes and present dangers and concludes with an optimistic assessment of Russia's prospects for reform. Pöhl provides an insider's view of the efforts of the Group of Seven industrialized nations to stabilize exchange rates from the 1970s on. He describes the tension in one country between the goals of price stability and exchange rate stability. This leads to a discussion of how monetary union was proposed in Europe and why the movement has hit snags. An appendix provides more details on the objectives and proposed structure of European monetary integration. Lionel Robbins Lectures

Russian Reform/International Money

Russian Reform/International Money PDF Author: Egor Timurovich Gaĭdar
Publisher: MIT Press
ISBN: 9780262071659
Category : Business & Economics
Languages : en
Pages : 172

Get Book Here

Book Description
These lectures by Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Departing from tradition, both Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the vast economic changes spreading across Europe--economic reform in the East and growing economic integration in the West. Gaidar helped launch Russian economic reforms in 1992; Pöhl fought the hyperinflation in Europe of the 1970s and 1980s and laid the groundwork for monetary stability in Western Europe. These lectures provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Gaidar reviews the events that led up to the August coup in Russia to argue that gradualism was not a viable approach to economic reform. He describes the conditions and dilemmas of the time, observing that reform in Russia is as much a political puzzle as it is an economic challenge. He outlines the successes and present dangers and concludes with an optimistic assessment of Russia's prospects for reform. Pöhl provides an insider's view of the efforts of the Group of Seven industrialized nations to stabilize exchange rates from the 1970s on. He describes the tension in one country between the goals of price stability and exchange rate stability. This leads to a discussion of how monetary union was proposed in Europe and why the movement has hit snags. An appendix provides more details on the objectives and proposed structure of European monetary integration. Lionel Robbins Lectures

Russian Currency and Finance

Russian Currency and Finance PDF Author: Steve H. Hanke
Publisher: Routledge
ISBN: 1134863691
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.

Price and Currency Reform in Russia and the CIS

Price and Currency Reform in Russia and the CIS PDF Author: Brigitte Granville
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 56

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Book Description


The Success of Russian Economic Reforms

The Success of Russian Economic Reforms PDF Author: Brigitte Granville
Publisher: Royal Institute of International Affairs
ISBN:
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
In this book, Granville contends that Russia's difficulties in controlling its inflation rate were the result of economic reforms not going far enough. External financing never came and a full macrostabilization program was not implemented. The steady process of economic reform continues in Russia, nevertheless, following the collapse of the Soviet Union in 1991.

Russian Reform / International Money

Russian Reform / International Money PDF Author: Yegor Gaidar
Publisher: Mit Press
ISBN: 9780262519069
Category : Business & Economics
Languages : en
Pages : 156

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Book Description
These lectures by Yegor Gaidar, former Prime Minister of the Russian Federation, andKarl Otto Pöhl, former Chairman of the German Bundesbank, provide insight into how these leadersassessed the risks of their situations and used basic economic analysis to chart theircourses.

Bankers and Bolsheviks

Bankers and Bolsheviks PDF Author: Hassan Malik
Publisher: Princeton University Press
ISBN: 0691202222
Category : Business & Economics
Languages : en
Pages : 317

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Book Description
A must-read financial history for investors navigating today's volatile global markets Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the largest sovereign default in history. In Bankers and Bolsheviks, Hassan Malik tells the story of this boom and bust, chronicling the experiences of leading financiers of the day as they navigated one of the most lucrative yet challenging markets of the first modern age of globalization. He reveals how a complex web of factors—from government interventions to competitive dynamics and cultural influences—drove a large inflow of capital during this tumultuous period. This gripping book demonstrates how the realms of finance and politics—of bankers and Bolsheviks—grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.

Foreign Exchange Markets in Russia

Foreign Exchange Markets in Russia PDF Author: Linda S. Goldberg
Publisher:
ISBN:
Category : Foreign exchange market
Languages : en
Pages : 36

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Book Description


The Russian Flat Tax Reform

The Russian Flat Tax Reform PDF Author: Anna Ivanova
Publisher: International Monetary Fund
ISBN: 1451860358
Category : Business & Economics
Languages : en
Pages : 49

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Book Description
Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate at the low level of 13 percent. In the following year, real revenue from the PIT actually increased by about 26 percent. This 'flat tax' experience has attracted much attention (and emulation) among policymakers, making it perhaps the most important tax reform of recent years. But it has been little studied. This paper asks whether the strong revenue performance of the PIT was itself a consequence of this reform, using both macro evidence and, in particular, micro-level data on the experiences of individuals and households affected by the reform to varying degrees. It concludes that there is no evidence of a strong supply side effect of the reform. Compliance, however, did improve quite substantially-by about one third according to our estimates-though it remains unclear whether this was due to the parametric reforms or to accompanying changes in enforcement.

The Piratization of Russia

The Piratization of Russia PDF Author: Marshall I. Goldman
Publisher: Routledge
ISBN: 1134376847
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.

Russian Reform

Russian Reform PDF Author: Yegor Gaidar
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper deals with the Russian economic reform throughout the 20th century. The author focuses on the economic reform during perestroika and such issues as privasization and stabilization.