Interenterprise Arrears in Post-Communist Economies

42 Pages Posted: 15 Feb 2006

See all articles by Jacek Rostowski

Jacek Rostowski

Central European University - CASE Institute

Date Written: April 1994

Abstract

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.

JEL Classification: E52, P34, P51

Suggested Citation

Rostowski, Jacek, Interenterprise Arrears in Post-Communist Economies (April 1994). IMF Working Paper, Vol. , pp. 1-41, 1994. Available at SSRN: https://ssrn.com/abstract=883501

Jacek Rostowski (Contact Author)

Central European University - CASE Institute ( email )

Nador u. 9.
Budapest H-1051
Hungary
361 327 3020 (Phone)
361 327 3232 (Fax)

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