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Give Growth and Macroeconomic Stability in Russia a Chance : Harden Budgets by Eliminating Nonpayments

The authors analyze the links between Russias disappointing growth performance in the second half of the 1990s, its costly and unsuccessful stabilization, the macroeconomic meltdown of 1998, and the spectacular rise of non-payments. Non-payments fl...

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Bibliographic Details
Main Authors: Pinto, Brian, Drebentsov, Vladimir, Morozov, Alexander
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
AFFILIATES
AGRICULTURE
ASSETS
BANK LOANS
BORROWING
CAPITAL GAINS
CASH COLLECTIONS
CHEMICAL INDUSTRY
CORPORATE GOVERNANCE
DEBT FINANCING
DEFAULT RISK
DEVALUATION
DISINFLATION
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC POLICIES
ECONOMIC RESOURCES
ELECTRICITY
ELECTRICITY GENERATION
EMPIRICAL EVIDENCE
EMPLOYMENT
EQUILIBRIUM
EVASION
EXCHANGE RATE
EXPENDITURES
EXPORTS
FINANCING SOURCES
FISCAL DEFICITS
FISCAL REFORMS
FORECASTS
GDP
GOVERNMENT SPENDING
GOVERNMENT SUBSIDIES
GROWTH RATE
HARD BUDGET CONSTRAINTS
INCENTIVE EFFECTS
INFLATION
INSURANCE
INTEREST RATES
LIQUIDITY
MACROECONOMIC PERFORMANCE
MACROECONOMIC POLICIES
MACROECONOMIC POLICY
MACROECONOMIC STABILITY
MACROECONOMIC STABILIZATION
MARGINAL COSTS
MARKET ECONOMIES
MARKET PRICES
MONOPOLIES
NEGATIVE EXTERNALITIES
OIL
OIL PRICES
PAYMENT ARREARS
PENALTIES
PENSIONS
PRICE DISCRIMINATION
PRIVATE SECTOR
PRIVATIZATION
PUBLIC DEBT
PUBLIC SERVANTS
PUBLIC SPENDING
REAL GDP
REAL INTEREST RATE
REAL SECTOR
SAVINGS
SIDE PAYMENTS
SOFT BUDGET CONSTRAINTS
STATE ENTERPRISES
SUBNATIONAL GOVERNMENTS
TAX
TAX COLLECTION
TAX COMPLIANCE
TAXATION
TRADE BALANCE
TRANSITION ECONOMIES
TRANSPARENCY
TRANSPORT
TREASURY
TURNOVER TAXES
UTILITIES
VALUE ADDED
WAGES
Online Access:http://documents.worldbank.org/curated/en/2000/04/693414/give-growth-macroeconomic-stability-russia-chance-harden-budgets-eliminating-nonpayments
http://hdl.handle.net/10986/22208

Internet

http://documents.worldbank.org/curated/en/2000/04/693414/give-growth-macroeconomic-stability-russia-chance-harden-budgets-eliminating-nonpayments
http://hdl.handle.net/10986/22208

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