The interenterprise arrears crisis in Russia

Barry W. Ickes; Randi Ryterman

doi:10.1080/1060586X.1992.10641357

The interenterprise arrears crisis in Russia

Barry W. Ickes, Randi Ryterman

Economics

Research output: Contribution to journal › Article › peer-review

48 Scopus citations

Abstract

Two American economists discuss in considerable detail the critical problem of interenterprise arrears (overdue payments for goods and services) in Russia that undermines the transition to a market economy and privatization. The study is based on interviews involving directors of 32 industrial enterprises, managers of commercial banks, and Central Bank officials in Moscow, Novosibirsk and Sochi from May to mid-November 1992. In addition to analyzing the causes of the mounting accumulation of debt and highlighting the financial problems of enterprises coping with the crisis, the authors examine the anatomy of present-day banking and extension of credit to finance production in the former USSR.

Original language	English (US)
Pages (from-to)	331-361
Number of pages	31
Journal	Post-Soviet Affairs
Volume	8
Issue number	4
DOIs	https://doi.org/10.1080/1060586X.1992.10641357
State	Published - 1992

All Science Journal Classification (ASJC) codes

Sociology and Political Science
Economics and Econometrics
Political Science and International Relations

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10.1080/1060586X.1992.10641357

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title = "The interenterprise arrears crisis in Russia",

abstract = "Two American economists discuss in considerable detail the critical problem of interenterprise arrears (overdue payments for goods and services) in Russia that undermines the transition to a market economy and privatization. The study is based on interviews involving directors of 32 industrial enterprises, managers of commercial banks, and Central Bank officials in Moscow, Novosibirsk and Sochi from May to mid-November 1992. In addition to analyzing the causes of the mounting accumulation of debt and highlighting the financial problems of enterprises coping with the crisis, the authors examine the anatomy of present-day banking and extension of credit to finance production in the former USSR.",

author = "Ickes, {Barry W.} and Randi Ryterman",

note = "Funding Information: 1Respectively, Associate Professor of Economics, The Pennsylvania State University, and Assistant Professor of Economics, University of Pennsylvania as well as Consultant, CECTM Division, The World Bank. The authors are grateful to the National Council for Soviet and East European Research, the IRIS Foundation, the World Bank, and the International Monetary Fund for financial support. They also wish to thank Gregory Grossman, Martin Weitzman, Peter Murrell, Michael Marrese, Robert Campbell, Peter Garber, Timothy Lane, Jim Leitzel, Linda Goldberg, Annette Brown, Victor Winston, and an anonymous referee for detailed comments on a previous version of this paper, and to acknowledge the comments of seminar participants at the IMF, Cornell University, and at the SSRC Summer Workshop on Soviet and East European Economics. Copyright: Copyright 2015 Elsevier B.V., All rights reserved.",

year = "1992",

doi = "10.1080/1060586X.1992.10641357",

language = "English (US)",

volume = "8",

pages = "331--361",

journal = "Post-Soviet Affairs",

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AU - Ickes, Barry W.

AU - Ryterman, Randi

N1 - Funding Information: 1Respectively, Associate Professor of Economics, The Pennsylvania State University, and Assistant Professor of Economics, University of Pennsylvania as well as Consultant, CECTM Division, The World Bank. The authors are grateful to the National Council for Soviet and East European Research, the IRIS Foundation, the World Bank, and the International Monetary Fund for financial support. They also wish to thank Gregory Grossman, Martin Weitzman, Peter Murrell, Michael Marrese, Robert Campbell, Peter Garber, Timothy Lane, Jim Leitzel, Linda Goldberg, Annette Brown, Victor Winston, and an anonymous referee for detailed comments on a previous version of this paper, and to acknowledge the comments of seminar participants at the IMF, Cornell University, and at the SSRC Summer Workshop on Soviet and East European Economics. Copyright: Copyright 2015 Elsevier B.V., All rights reserved.

PY - 1992

Y1 - 1992

N2 - Two American economists discuss in considerable detail the critical problem of interenterprise arrears (overdue payments for goods and services) in Russia that undermines the transition to a market economy and privatization. The study is based on interviews involving directors of 32 industrial enterprises, managers of commercial banks, and Central Bank officials in Moscow, Novosibirsk and Sochi from May to mid-November 1992. In addition to analyzing the causes of the mounting accumulation of debt and highlighting the financial problems of enterprises coping with the crisis, the authors examine the anatomy of present-day banking and extension of credit to finance production in the former USSR.

AB - Two American economists discuss in considerable detail the critical problem of interenterprise arrears (overdue payments for goods and services) in Russia that undermines the transition to a market economy and privatization. The study is based on interviews involving directors of 32 industrial enterprises, managers of commercial banks, and Central Bank officials in Moscow, Novosibirsk and Sochi from May to mid-November 1992. In addition to analyzing the causes of the mounting accumulation of debt and highlighting the financial problems of enterprises coping with the crisis, the authors examine the anatomy of present-day banking and extension of credit to finance production in the former USSR.

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The interenterprise arrears crisis in Russia

Abstract

All Science Journal Classification (ASJC) codes

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