| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1174 |
| DP1174 Russian Enterprises in Transition | |
| Daniel Cohen; Christian de Boissieu; Gaël de Pontbriand | |
| 发表日期 | 1995-04-30 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | The paper examines the behaviour of 100 firms interviewed regularly between 1993-4. It reaches the following conclusions:1) Following the inter-enterprise debt (IED) crisis of 1992, most firms have switched to a `pay-in-advance' system, which pushed firms towards a `hard budget constraint' economy, far away from what they were used to. As a result, the pressure to diversify suppliers, customers and products has been very strong.2) Wage earners have most often played the role of `residual claimants', unpaid in harsh times, and benefiting from luck or good management of their firms when things go well. This is not related to the shareholder structure of the firms but to the poor functioning of the labour markets.3) The structure of bank portofolios is essentially junk, and one must fear that a stabilization of the inflation rate will bring a collapse of many insolvent banks. |
| 主题 | International Macroeconomics |
| 关键词 | Inter-enterprise debt Restructuring Russia |
| URL | https://cepr.org/publications/dp1174 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530307 |
| 推荐引用方式 GB/T 7714 | Daniel Cohen,Christian de Boissieu,Gaël de Pontbriand. DP1174 Russian Enterprises in Transition. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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