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Russia?s Debt Crisis and the Unofficial Economy

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dc.creator Schrooten, Mechthild
dc.creator Lusinyan, Lusine
dc.creator Heinrich, Ralph P.
dc.creator Buch, Claudia M.
dc.date 2000
dc.date.accessioned 2013-10-16T06:57:24Z
dc.date.available 2013-10-16T06:57:24Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17916
dc.identifier ppn:313487901
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17916
dc.description Russia's foreign debt problems worsened substantially after the financial crisis of 1998. The paper focuses on the key role of the government in servicing foreign debt and promoting institution building by showing how foreign debt influences the choice between official and unofficial taxation. The enterprise sector is assumed to reallocate its resources between domestic investment and capital flight. It is discussed under which conditions debt rescheduling may create incentives for the government to promote institution building. The results of this paper shed light on the conditions under which the recent agreement with the London Club to write off substantial amounts of former Soviet debt can be successful.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 978
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F34
dc.subject H63
dc.subject ddc:330
dc.subject Foreign debt
dc.subject debt restructuring
dc.subject Russian Federation
dc.subject Auslandsverschuldung
dc.subject Auslandsschuldendienst
dc.subject Steuerpolitik
dc.subject Schattenwirtschaft
dc.subject Unternehmensbesteuerung
dc.subject Kapitalflucht
dc.subject Umschuldung
dc.subject Theorie
dc.title Russia?s Debt Crisis and the Unofficial Economy
dc.type doc-type:workingPaper


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