Yasushi Nakamura

Monetary Policy in the Soviet Union

Empirical Analyses of Monetary Aspects of Soviet Economic Development

• Gebundenes Buch

Produktbeschreibung

This book sheds light on the Soviet economic system, which claimed the eventual abolition of money, collapsed following a monetary turmoil. It argues that the cause of the economic collapse was embedded in the design of the economic system. The Soviet economic system restricted the market, but continued to use fiat money. Consequently, it faced the question for which no feasible answer seemed to exist: how to manage fiat money without data and information generated by the market? Using Soviet data newly available from the archives, the book evaluates the performance of the components of monetary management mechanism, discovers the continuous accumulation of open and secret government debts, and quantitatively analyzes the relationship between economic growth and the money supply to support the argument. The book concludes that the Soviet economic collapse marked the end of the long history of Soviet monetary mismanagement.

Produktdetails

• Verlag: Palgrave Macmillan / Palgrave Macmillan US / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-1-137-49416-0
• 1st ed. 2017
• Seitenzahl: 240
• Erscheinungstermin: 8. August 2017
• Englisch
• Abmessung: 216mm x 153mm x 18mm
• Gewicht: 454g
• ISBN-13: 9781137494160
• ISBN-10: 1137494166
• Artikelnr.: 48762597

Autorenporträt

Yasushi Nakamura is a Professor at Yokohama National University, Japan.

Inhaltsangabe

List of Figures and Tables

List of Abbraviations

1 Introduction

2 Historical Background of the Soviet Monetary Policy

3 Soviet Productivity Growth

4 Performance of Soviet Cash Money Management

5 Soviet Banking and Non-cash Money Management

6 Money Supply and Soviet Foreign Trade

7 Soviet Monetary Policy and Government Debts

Appendix: Soviet Data

References

Index