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Reaping the whirlwind

Article Abstract:

Boris Yeltsin's economic reforms have resulted in some success and many harsh failures. Liberalized markets are supplying more goods, and the ruble has become a genuine currency. However, inflation is rampant at 2,000% and the budget deficit has increased tenfold.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Economic aspects, Russia, Inflation (Finance), Inflation (Economics), Perestroika

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Of dollars and roubles

Article Abstract:

Inter-republic trade in the Commonwealth of Independent States must be preserved, but it will collapse if it is based on hard currency the states do not have. In the likelihood of separate currencies, a payments union is suggested as a transitional measure.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Planning, Forecasts and trends, International trade, Balance of payments, Monetary policy, Commonwealth of Independent States

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