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 4
... Empire in 1772. Bukovina had ties to Romania and Chernivtsi to then- Czechoslovakia . Volhodnia - Polissia is distinguished by having been partitioned into Russia at the time Galicia joined the Austro - Hungarian Empire . The West ...
... Empire in 1772. Bukovina had ties to Romania and Chernivtsi to then- Czechoslovakia . Volhodnia - Polissia is distinguished by having been partitioned into Russia at the time Galicia joined the Austro - Hungarian Empire . The West ...
Page 6
... Empire , proceeded to divide western Ukraine . Galicia was divided , with over half going to the new Poland . Bukovina went to Romania , Chernivtsi to Czechoslovakia . Poland , ostensibly fighting the Bolsheviks , frequently attacked ...
... Empire , proceeded to divide western Ukraine . Galicia was divided , with over half going to the new Poland . Bukovina went to Romania , Chernivtsi to Czechoslovakia . Poland , ostensibly fighting the Bolsheviks , frequently attacked ...
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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 Donbas economic reform 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 Economies 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 subsidies Table target zone tax revenues trade transition economies Ukraine's Ukrainian USSR vote wage