The Ukrainian Economy Since Independence
'Banaian's recollections and analysis of the Ukrainian economy show vividly why not all transitions have a happy ending. Ideology and poor policy choices can combine to forestall even the most hopeful signs of a recovery. Given Ukraine's economic potential, the outcome is truly tragic.' - Pierre Siklos, Wilfrid Laurier University, Ontario, Canada Despite the fact that Western governments have provided Ukraine with over $10 billion in foreign aid, little is known of Ukraine's economy since it declared independence from the Soviet Union in 1991. In this book, Professor Banaian describes the halting steps towards transition that Ukraine has taken and analyses their effects.
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agricultural amount Banaian Bank of Ukraine base money Belarus billion bonds budget deficit Burdekin Burmeister and Wall capital cash cent of GDP central bank coal commercial banks Communist corruption countries decline decrees deposits dollars Drazen elections enterprises equation estimates exchange rate export Figure financing firms fiscal foreign currency former Soviet function Gosbank growth rate hryvnia hyperinflation income increase independence industry inflation rate International Monetary Fund Kalman filter karbovanets Kravchuk Kuchma Kuzio Kyiv Lazarenko loans long-run macroeconomic Marchuk market economy monetary policy money demand Moroz National Bank nomenklatura output parliament Party political prime minister privatization production Pynzenyk Rada real interest rate republics reserve requirements ruble Rukh Russia sector seigniorage seigniorage revenues share of GDP Source Soviet Union stabilization subsidies Table target zone tax revenues trade transition economies Ukraine's Ukrainian USSR vote wage