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 92
... hryvnia , as the new currency was to be named . This had been part of the Kuchma plan from the beginning ; he had announced in his New Year's address that the hryvnia would be introduced in 1995. This would be considered , however , not ...
... hryvnia , as the new currency was to be named . This had been part of the Kuchma plan from the beginning ; he had announced in his New Year's address that the hryvnia would be introduced in 1995. This would be considered , however , not ...
Page 164
... hryvnia . But Ukraine's constitution does not permit the sweeping executive powers held by executives of most other Soviet successor states . While the executive's powers are broader than in most western democracies , it does not have ...
... hryvnia . But Ukraine's constitution does not permit the sweeping executive powers held by executives of most other Soviet successor states . While the executive's powers are broader than in most western democracies , it does not have ...
Page 171
... hryvnia , 43 , 75 , 87 , 92 , 93 , 95 , 163 , 164 , 165 hyperinflation , viii , 28 , 29 , 30 , 31 , 35 , 36 , 40 , 41 , 45 , 46 , 48 , 50 , 54 , 56 , 57 , 62 , 72 , 75 , 80 , 91 , 103 , 138 , 167 IMF , 25 import , 19 , 23 , 24 , 72 , 91 ...
... hryvnia , 43 , 75 , 87 , 92 , 93 , 95 , 163 , 164 , 165 hyperinflation , viii , 28 , 29 , 30 , 31 , 35 , 36 , 40 , 41 , 45 , 46 , 48 , 50 , 54 , 56 , 57 , 62 , 72 , 75 , 80 , 91 , 103 , 138 , 167 IMF , 25 import , 19 , 23 , 24 , 72 , 91 ...
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