Interenterprise Arrears in Post-Communist Economies

The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a stabilization attempt that is not credible. In the latter case, the result can be a sharp fall in output. Non-market and market solutions to this problem are analyzed, and the advantages of the latter over the former are stressed.
Publication date: April 1994
ISBN: 9781451975109
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Security (National and International) , ied , debtors , creditors , interest

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