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Russias Macroeconomic Stabilization Revisited
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Han, Byungjin | - |
dc.date.accessioned | 2016-05-12T01:37:06Z | - |
dc.date.available | 2016-05-12T01:37:06Z | - |
dc.date.issued | 2006-06 | - |
dc.identifier.citation | Journal of International and Area Studies, Vol.13 No.1, pp. 89-102 | - |
dc.identifier.issn | 1226-8550 | - |
dc.identifier.uri | https://hdl.handle.net/10371/96436 | - |
dc.description.abstract | Russia muddled through macroeconomic stabilization after late 1993 when a massive amount of credit issue by the Russian central bank stopped and interest rates turned positive. A process-oriented explanation ascribes the lowered inflation rates to the introduction of government bonds that yield incredibly high returns. It makes large commercial banks take an anti-inflationary position. Instead of solely emphasizing the elites strategic choices however, in this article I will look at what political circumstances make these choices available and effective. I associate the macroeconomic stabilization with political opportunity structure for rent-seekers and their collective action dilemma. In this discussion, the 1993 constitutional crisis and subsequent party polarization are emphasized. I also argue that privatized state institutions deprive rent-seekers of the ability to take collective actions as time goes. | - |
dc.language.iso | en | - |
dc.publisher | Institute of International Affairs, Graduate School of International Studies, Seoul National University | - |
dc.subject | Russian Macroeconomic Stabilization | - |
dc.subject | Political Opportunity Structure | - |
dc.subject | Diminishing Collective Action | - |
dc.subject | War of Attrition | - |
dc.title | Russias Macroeconomic Stabilization Revisited | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 한병진 | - |
dc.citation.journaltitle | Journal of International and Area Studies | - |
dc.citation.endpage | 102 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 89-102 | - |
dc.citation.startpage | 89 | - |
dc.citation.volume | 13 | - |
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