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- W1568549220 abstract "This paper provides a comprehensive literature review of the use of non- monetary transactions (barter, debt offsets, etc.) in Russia since the fall of Communism. The two primary theories are the credit crunch (liquidity constraint) theory and the virtual economy theory. The former relates to the lack of access to bank credit and cash and the rise of non-monetary transactions as a survival mechanism that oils the gears of the market. The latter asserts that barter is a symptom of a system by which the value added firms (such as Gasprom) subsidize the value destroying firms (the 'white elephants'). Barter allows the two players to arbitrarily set prices so that the value added firm can avoid some of the profit taxes while the value destroying firms can stay alive." @default.
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- W1568549220 date "2002-01-01" @default.
- W1568549220 modified "2023-09-27" @default.
- W1568549220 title "Inter-Firm Non-Monetary Transactions in Russia: A Literature Review" @default.
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