Overview
- Reveals new information on the Soviet Economic System
- Explores Soviet Union data
- Discusses Soviet Economic collapse and the significance behind it
- Includes supplementary material: sn.pub/extras
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About this book
This 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.
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Keywords
Table of contents (7 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Yasushi Nakamura is a Professor at Yokohama National University, Japan.
Bibliographic Information
Book Title: Monetary Policy in the Soviet Union
Book Subtitle: Empirical Analyses of Monetary Aspects of Soviet Economic Development
Authors: Yasushi Nakamura
DOI: https://doi.org/10.1057/978-1-137-49418-4
Publisher: Palgrave Macmillan New York
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-1-137-49416-0Published: 08 August 2017
eBook ISBN: 978-1-137-49418-4Published: 08 August 2017
Edition Number: 1
Number of Pages: XVII, 222
Number of Illustrations: 17 b/w illustrations
Topics: International Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Asian Economics, Macroeconomics/Monetary Economics//Financial Economics, Political Economy/Economic Systems, Economic History