UMD Theses and Dissertations

Permanent URI for this collectionhttp://hdl.handle.net/1903/3

New submissions to the thesis/dissertation collections are added automatically as they are received from the Graduate School. Currently, the Graduate School deposits all theses and dissertations from a given semester after the official graduation date. This means that there may be up to a 4 month delay in the appearance of a given thesis/dissertation in DRUM.

More information is available at Theses and Dissertations at University of Maryland Libraries.

Browse

Filters

20041

Settings

Author: search.filters.author.Komarov, Ivan VSubject: search.filters.subject.Economics, Theory

Search Results

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    No Cash and No Purse: Explaining Non-Monetary Trade in Russia in the 1990s
    (2004-11-01) Komarov, Ivan V; Murrell, Peter; Economics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md.)
    Why were most transactions in the Russian industry in the 1990s carried out without the use of money? Theories explaining the phenomenon, when carefully assessed, seem to have missing gaps in the argument or inadequate evidence. The present paper critically reviews the theories, suggests neglected considerations, proposes an alternative explanation, and empirically tests the hypothesis. A large representative sample of Russian firms is used in the empirical part. TOBIT analysis shows that firms start to use non-monetary payments because of their liquidity problems. Further use of non-monetary payments is connected to kartoteka, a tax collection method of withdrawal of taxes from the firm's bank account.