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Cash Shortage in the Former Soviet Union

An unexpected shortage of banknotes emerged during 1992 in the former Soviet Union. The cash shortage is explained by the asymmetry in the monetary union that prevailed, under which one member (the Russian Federation) controlled banknote production while every member could create deposit money. Inte...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Credit
Financial Aspects Of Economic Integration
Interest Rates: Determination, Term Structure, And Effects
Wealth
Government And The Monetary System
Consumption
Money And Monetary Policy
Exports And Imports
Socialist Systems And Transitional Economies: Planning, Coordination, And Reform
Mortgages
International Economics
Banks
Saving
Banks And Banking
Payment Systems
Micro Finance Institutions
Financial Services
Currencies
National Accounts
Standards
Macroeconomics
Monetary Economics
Economic Integration
Money
Interest Rates
Money Multipliers
Economics
International Policy Coordination And Transmission
Monetary Unions
Finance
Banking
Regimes
Macroeconomics: Consumption
Money Supply
Depository Institutions
Real Interest Rates
Monetary Systems
Deposit Rates
Russian Federation
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:An unexpected shortage of banknotes emerged during 1992 in the former Soviet Union. The cash shortage is explained by the asymmetry in the monetary union that prevailed, under which one member (the Russian Federation) controlled banknote production while every member could create deposit money. Interest rate rigidity forestalled an equilibrating adjustment in demand for banknotes. The possible efficiency costs of the cash shortage are explored
Physical Description:42 pages
ISBN:9781451848861

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