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Monetary Policy in Transition
 
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Monetary Policy in Transition
Inflation Nexus Money Supply in Postcommunist Russia
 
 
Palgrave Macmillan
 
 
 
 
 
16 Jun 2006
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£86.00
|Hardback In Stock
  
9781403987433
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DescriptionContentsAuthors

This book offers the most comprehensive empirical analysis of monetary developments in the Russian Federation during the first post-communist decade. The book scrutinizes critically and rigorously, the stabilization process in post-communist Russia, the strengths, dynamics, and causality of the relationship between inflation and various monetary aggregates as well as the role of the IMF in that process. The common theme generated from the analysis is that the monetary policies implemented in Russia during the period under consideration were less than optimal. Inadequate or even inappropriate prescription and halfhearted implementation of various monetary stabilizations, conducted under the auspices of the IMF had disastrous effects on this transition economy and the welfare of society as a whole. Inevitably, the role of the IMF in Russia is critically exposed.


Description

This book offers the most comprehensive empirical analysis of monetary developments in the Russian Federation during the first post-communist decade. The book scrutinizes critically and rigorously, the stabilization process in post-communist Russia, the strengths, dynamics, and causality of the relationship between inflation and various monetary aggregates as well as the role of the IMF in that process. The common theme generated from the analysis is that the monetary policies implemented in Russia during the period under consideration were less than optimal. Inadequate or even inappropriate prescription and halfhearted implementation of various monetary stabilizations, conducted under the auspices of the IMF had disastrous effects on this transition economy and the welfare of society as a whole. Inevitably, the role of the IMF in Russia is critically exposed.


Contents

List of Tables
List of Figures
Acknowledgements
Introduction
The Emergence of Inflation and Stabilization Efforts in Postcommunist Russia
Inflation Expectation in Postcommunist Russia
The Relationship between Money Supply and Inflation in Postcommunist Russia
Money-Inflation Causality in Transition Economies: The Case of Russia
The Role of International Financial Institutions in Stabilizing the Russian Economy
Appendix
Notes
Bibliography
Index


Authors

MILAN NIKOLIC is Associate Lecturer at the School of Art at the University of Surrey, UK. He has written articles and contributed to books on the topic of transition in Central and Eastern Europe, as well as on the topic of monetary policy in the Russian Federation.