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Tables of Contents for Stuck in Transit
Chapter/Section Title
Page #
Page Count
List of Contributors
xi
Preface
xiii
Russia's Crisis and Beyond
1
8
Decline and fall
2
1
The failure of debt conversion
3
1
Recovery
4
1
Exchange rate economics
5
2
The economics of politics
7
2
Macroeconomic Policy and the Problem of Arrears
9
6
Tight fiscal and monetary policy
9
1
Arrears
10
2
Policy implications
12
3
Tax Collection and Fiscal Federalism
15
8
Can't tax or won't tax?
15
1
The fiscal crisis
15
2
Russia's tax capactiy
17
2
Inter-governmental relations
19
1
Federal--regional relations
20
1
Sub-regional relations
20
1
Policy implications
21
2
Banking and the Financial--Industry Groups
23
8
The banking crisis
23
1
The emergence of FIGs
23
1
Roles of FIGs
24
1
Increasing the productivity of capital where legal institutions are weak
24
1
Substituting for missing or highly imperfect capital markets
25
1
Improving production performance through economies of scale
25
1
Minimizing price distortions resulting from state interference in markets
25
1
The drwbacks of a FIG-dominated economy
25
1
FIG membership and economic performance
26
1
Restructuring Russia's banks
27
4
Industrial Restructuring
31
6
Does market structure matter?
31
2
What can the state do for industrial firms?
33
1
Policies to encourage restructuring
33
4
Increased competition in the product market
34
1
The hardening of bank-firm credit
34
1
Enforcement of bankruptcy laws
35
2
Labour Market Reform
37
6
Wage arrears
37
2
Labour regulation
39
1
Enforcement
40
1
Reforming the regulatory framework of industrial relations
41
2
Russia's Barter Economy
43
6
Every enterprise uses barter
44
1
Explaining the use of barter
44
2
Is barter good or bad?
46
1
Policy implications
46
3
Bibliography
49