01461cas a2200241 a 4500 AALejournalIMF003704 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848861 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Cash Shortage in the Former Soviet Union. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students An unexpected shortage of banknotes emerged during 1992 in the former Soviet Union. The cash shortage is explained by the asymmetry in the monetary union that prevailed, under which one member (the Russian Federation) controlled banknote production while every member could create deposit money. Interest rate rigidity forestalled an equilibrating adjustment in demand for banknotes. The possible efficiency costs of the cash shortage are explored. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/067 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/067/001.1994.issue-067-en.xml IMF e-Library