Many economies of the former Soviet Union have experienced cash shortages: people with demand and savings deposits in the banking system are unable to convert them into currency. Usually this is attributed to the common use of the ruble. The author argues otherwise. According to him: (a) cash shortages are manifestations of financial disintermediation: the banking sector is unable to attract enough voluntary deposits; (b) cash shortages allow the...
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DETAILS
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1994/10/31
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Policy Research Working Paper
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WPS1367
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1
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1
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2010/07/01
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The economics of cash shortage
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cash shortage
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Citation
Conway,Patrick J..
The economics of cash shortage (English). Policy, Research working paper ; no. WPS 1367 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/973731468749375657