Template-Type: ReDIF-Article 1.0 Author-Name: Egor Gaidar Author-Name-First: Egor Author-Name-Last: Gaidar Author-Workplace-Name: Gaidar Institute for Economic Policy Title: The legacy of the socialist economy: Macro- and microeconomic consequences of soft budget constraints Abstract: The financial crisis in Russia and the ensuing economic instability call for a serious reevaluation Classification-JEL: B14, B15, B16 Keywords: Russian economy, interest rates Year: 1999 Issue: 13P Pages: 52 File-URL: https://www.iep.ru/files/RePEc/gai/rpaper/rpaper-1999-13P-1521.pdf File-Format: application/pdf File-Function: Revised Version, 2026 Handle: RePEc:gai:rpaper:rpaper-1999-13P-1521