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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Page 7
... Orthodox church rather than between Orthodoxy and Catholicism ) made it difficult for the two sides to reconcile . And the long - term influence of the Hapsburgs in west Ukraine made it feel far more affinity towards Europe than did ...
... Orthodox church rather than between Orthodoxy and Catholicism ) made it difficult for the two sides to reconcile . And the long - term influence of the Hapsburgs in west Ukraine made it feel far more affinity towards Europe than did ...
Page 11
... Orthodox Church began to move into this area , establishing churches with the tacit approval of Brezhnev and his successors . This was not unique to Ukraine ; similar policies were practiced against the Armenian and Georgian Orthodox ...
... Orthodox Church began to move into this area , establishing churches with the tacit approval of Brezhnev and his successors . This was not unique to Ukraine ; similar policies were practiced against the Armenian and Georgian Orthodox ...
Page 155
... less rather than more likely ( see Motyl 1993 ) . 74 " Ill health all around in Ukraine ” , The Economist , June 29 , 1997 , p . 72 . • Orthodox and Catholic countries are less likely to be Prospects for Growth in Ukraine 155.
... less rather than more likely ( see Motyl 1993 ) . 74 " Ill health all around in Ukraine ” , The Economist , June 29 , 1997 , p . 72 . • Orthodox and Catholic countries are less likely to be Prospects for Growth in Ukraine 155.
Contents
Figures | 10 |
The Hyperinflation Process | 28 |
Reform and Power | 56 |
Copyright | |
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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