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OverviewThis book sheds light on the Soviet economic system, which claimed the eventual abolition of money, collapsed following a monetary turmoil. It argues that the cause of the economic collapse was embedded in the design of the economic system. The Soviet economic system restricted the market, but continued to use fiat money. Consequently, it faced the question for which no feasible answer seemed to exist: how to manage fiat money without data and information generated by the market? Using Soviet data newly available from the archives, the book evaluates the performance of the components of monetary management mechanism, discovers the continuous accumulation of open and secret government debts, and quantitatively analyzes the relationship between economic growth and the money supply to support the argument. The book concludes that the Soviet economic collapse marked the end of the long history of Soviet monetary mismanagement. Full Product DetailsAuthor: Yasushi NakamuraPublisher: Palgrave Macmillan Imprint: Palgrave Macmillan Edition: 1st ed. 2017 Weight: 4.149kg ISBN: 9781137494160ISBN 10: 1137494166 Pages: 222 Publication Date: 08 August 2017 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. Introduction.- 2 Historical Background of the Soviet Monetary Policy.- 3. Soviet Productivity Growth.- 4 Performance of Soviet Cash Money Management.- 5 Soviet Banking and Non-cash Money Management.- 6 Money Supply and Soviet Foreign Trade.- 7 Soviet Monetary Policy and Government Debts.ReviewsAuthor InformationYasushi Nakamura is a Professor at Yokohama National University, Japan. Tab Content 6Author Website:Countries AvailableAll regions |
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