The politics of soft credit in post‐Soviet Russia

Treisman, Daniel

doi:10.1080/09668139508412299

Cited by 13 publications

(4 citation statements)

References 18 publications

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“…Later researchers notice the existence of several other types of rescuer or subsidizer: a large bank or bank consortium (Treisman 1995), or a private or public foundation. Bailing out at an international level were international organizations such as the IMF or the administrative bodies of regional associations, such as the EU.…”

Section: The Phenomenonmentioning

confidence: 99%

The soft budget constraint

Kornai¹

2014

Acta Oeconomica

104

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The author’s ideas on the soft budget constraint (SBC) were first expressed in 1976. Much progress has been made in understanding the problem over the ensuing four decades. The study takes issue with those who confine the concept to the process of bailing out loss-making socialist firms. It shows how the syndrome can appear in various organizations and forms in many spheres of the economy and points to the various means available for financial rescue. Single bailouts do not as such generate the SBC syndrome. It develops where the SBC becomes built into expectations. Special heed is paid to features generated by the syndrome in rescuer and rescuee organizations. The study reports on the spread of the syndrome in various periods of the socialist and the capitalist system, in various sectors. The author expresses his views on normative questions and on therapies against the harmful effects. He deals first with actual practice, then places the theory of the SBC in the sphere of ideas and models, showing how it relates to other theoretical trends, including institutional and behavioural economics and theories of moral hazard and inconsistency in time. He shows how far the intellectual apparatus of the SBC has spread in theoretical literature and where it has reached in the process of “canonization” by the economics profession. Finally, he reviews the main research tasks ahead.

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Section: The Phenomenonmentioning

confidence: 99%

The soft budget constraint

Kornai¹

2014

Acta Oeconomica

104

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“…Furthermore, efforts by the federal authorities to promote local self-govern-. ment at the municipal and district level further complicate the situation (see Wallich, 1992Wallich, , 1995Campbell, 1994Campbell, , 1995Mitchneck, 1994Mitchneck, , 1995Mitchneck, , 1997aYoung, 1994Young, , 1997Solnick, 1995Solnick, , 1996Treisman, 1995Treisman, , 1996aTreisman, , b, 1998Kirkow, 1996b;Stewart, 1997). Now centre-region conflict is played out within each oblast' -level unit as well as between the oblast' and the centre.…”

Section: Political Transition: Building a Federationmentioning

confidence: 95%

Understanding regional patterns of economic change in Russia: An introduction

Bradshaw

Hanson

1998

Communist Economies and Economic Transformation

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“…As indicated by Frye and Shleifer, these models of government are 'ideal types'; in reality, governments may be a mixture of all or a combination of some. A variant of these types of government models is presented in Treisman (1995). 8 Others, including Jan Winiecki (1992) and Anders Aslund (1994, have highlighted corruption and the rent-seeking activities of the old elite in explaining Russia's problems in its transition to a market economy.…”

Section: The Theorymentioning

confidence: 99%

Tax, Transition and the State: The Case of Russia

2017

Transition, Taxation and the State

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The politics of soft credit in post‐Soviet Russia

Cited by 13 publications

References 18 publications

The soft budget constraint

The soft budget constraint

Understanding regional patterns of economic change in Russia: An introduction

Tax, Transition and the State: The Case of Russia

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