1993
DOI: 10.1080/1060586x.1993.10641369
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Roadblock to Economic Reform: Inter-Enterprise Debt and the Transition to Markets

Abstract: Two American specialists on Soviet and East European economies examine the relationship between inter-enterprise payments for goods and services and economic reform in Russia. Based on extensive interviews with Russian governmen

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Cited by 38 publications
(9 citation statements)
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“…14. The issue of non-payment and enterprise arrears in 1992 attracted a lot of attention (Fan and Schaffer, 1994;Ickes and Ryterman, 1992;Ickes and Ryterman, 1993), but since then there has been very little serious analysis of the problem. 15.…”
Section: Notesmentioning
confidence: 99%
“…14. The issue of non-payment and enterprise arrears in 1992 attracted a lot of attention (Fan and Schaffer, 1994;Ickes and Ryterman, 1992;Ickes and Ryterman, 1993), but since then there has been very little serious analysis of the problem. 15.…”
Section: Notesmentioning
confidence: 99%
“…Эта коллективная стратегия сопротивления привела к кризису правительственной политики, получившему название кризиса неплатежей. Кризис неплатежей описан в ряде работ, в частности, его анализу посвящены статьи [5,6,18]. Приведу лишь несколько цифр.…”
Section: таблицаunclassified
“…When several enterprises succeed in linking financially, any attempt by crediton to liquidate an insolvent enterprise would cause other firms to become insolvent, with a politically unacceptable domino effect. Furthermore, it becomes very hard to distinguish between profitable and unprofitable firms (Ickes and Rutherland, 1993). Thus, while a large proportion of trade arrears is probably unintentional, the mutual extension of trade among connected enterprises allows managers to hinder outside attempts to challenge individual firms with insolvency.…”
Section: The Outside Money Systemsmentioning
confidence: 99%