La prima fase della transizione nelle economie dell'ex Unione Sovietica: asymmetric shocks, impulsi asimmetrici, signoraggio e travolgimento della moneta

Abstract

The transition from a planned to a decentralised market economy amongst the new independent republics of the former Soviet Union has often been accompanied by harsh political competition to obtain the responsibility for implementing the required institutional reforms. A brief overview is provided of the components of these transitions towards a market economy. An estimate is made of the seignorage in these transitions by assessing the inflation tax on money holders that is implicit in the very high growth rates of prices in 1992. JEL Codes: E02, P20

Keywords

• Evaluation
• Economic aspects
• Capitalism
• Former Soviet Union