Understanding Barter in Russia

EBRD Working Paper No. 37

Posted: 4 May 1999

See all articles by Simon John Commander

Simon John Commander

London Business School; IZA Institute of Labor Economics

Christian Mumssen

International Monetary Fund (IMF)

Date Written: December 1998


This paper analyses the incidence and growth of non-monetary transactions - barter, veksels, debt offsets, tax offsets and other monetary surrogates - in Russia. The empirical backbone of the paper is a survey of 350 - predominantly industrial - firms, carried out in October and November 1998. The paper provides an analytical framework for understanding both firm-level incentives for using barter and the reasons for its phenomenal growth since 1993. Having examined some of the costs of Russia's non-monetary economy, the paper discusses a number of policy options.

JEL Classification: D4, E41, H26, O17, P31, P2

Suggested Citation

Commander, Simon John and Mumssen, Christian, Understanding Barter in Russia (December 1998). EBRD Working Paper No. 37. Available at SSRN: https://ssrn.com/abstract=163088

Simon John Commander (Contact Author)

London Business School ( email )

Sussex Place
Regent's Park
London, London NW1 4SA
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072

Christian Mumssen

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Register to save articles to
your library


Paper statistics

Abstract Views
PlumX Metrics