The Ukrainian Economy Since IndependenceDespite 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. Ukraine is an example of how slow or gradual reform was attempted and stopped. The author argues that this has been the result of several political and economic factors, and that the resulting 'arrested transition' may continue indefinitely. Backed by extensive econometric analysis, the book provides insight into its hyperinflationary experience, the causes of continued economic contraction, Ukraine's experience with exchange rate regime changes, its large underground economy and the prospects for long run growth. The Ukrainian Economy since Independence will be of interest to scholars of the economics and political science of transition as well as policymakers in the area. |
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... Kyiv there is also the sight of the Perchersk Lavra on the bank of the Dnipro River . The golden domes of the monastery signify an ancient time , when what many consider to be Russia was known as Kievan Rus ' and its center was Kyiv ...
... Kyiv there is also the sight of the Perchersk Lavra on the bank of the Dnipro River . The golden domes of the monastery signify an ancient time , when what many consider to be Russia was known as Kievan Rus ' and its center was Kyiv ...
Page 14
... Kyiv to L'viv ( a nine - hour train ride ) . The next month saw a student strike . In that month as well the Communist Party of the Soviet Union Plenum removed Article 6 from its constitution , which had given the CPSU a legal monopoly ...
... Kyiv to L'viv ( a nine - hour train ride ) . The next month saw a student strike . In that month as well the Communist Party of the Soviet Union Plenum removed Article 6 from its constitution , which had given the CPSU a legal monopoly ...
Page 68
... Kyiv 395741 38.7 18579 18.2 Kirovohrad 195769 30 136628 21 Kyiv Oblast 411541 41.1 184751 18.4 Poltava 300357 29.5 288943 28.4 Cherkasy 336853 39.1 155120 18 Votes % Votes Votes % Votes % Votes % 257440 25.2 603139 59.7 359271 35.6 ...
... Kyiv 395741 38.7 18579 18.2 Kirovohrad 195769 30 136628 21 Kyiv Oblast 411541 41.1 184751 18.4 Poltava 300357 29.5 288943 28.4 Cherkasy 336853 39.1 155120 18 Votes % Votes Votes % Votes % Votes % 257440 25.2 603139 59.7 359271 35.6 ...
Contents
Figures | 10 |
The Hyperinflation Process | 28 |
Reform and Power | 56 |
Copyright | |
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Common terms and phrases
agricultural amount argue Banaian Bank of Ukraine Belarus billion bribes budget deficit Burdekin Burmeister and Wall cash cent of GDP central bank clans coal Cobb-Douglas commercial banks Communist corruption countries decline deposits Dnipropetrovsk dollars Donbas Donetsk Economic Review elections enterprises equation estimates exchange rate expected export Figure financing firms foreign currency 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 Economies money demand Moroz National Bank output parliament Party political privatization production function 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 western workers World