Year: 1998
Author: Siklos, Pierre L.
Credit and Capital Markets – Kredit und Kapital, Vol. 31 (1998), Iss. 4 : pp. 520–543
Abstract
This paper interprets the parallel currency experiment in the Soviet Union during the 1920s as an illustration of price discrimination in monetary policy. Using Bryant and Wallace’s (1984) framework, I argue that the introduction of high denomination notes by the Soviets was akin to imposing legal restrictions on their use as a transactions medium. Some econometric evidence is also present to support the implications of the theoretical approach followed. (JEL C22, E31, E58)
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.31.4.520
Credit and Capital Markets – Kredit und Kapital, Vol. 31 (1998), Iss. 4 : pp. 520–543
Published online: 1998-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 24
Author Details
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