You can read five articles for free this month if you register

REGISTER NOW

Register for free to read more articles every month.
Find out about our membership plans.

Already a member? Please log in here.

You are reading the last article for free this month if you don't register

REGISTER NOW

Register for free to read 5 articles from the past month.
Find out about our membership plans.

Already a member? Please log in here.

You have one more article for free this month if you don't register

REGISTER NOW

Register for free to read more.
Find out about our membership plans.

Already a member? Please log in here.

You have 2 more articles for free this month if you don't register.

REGISTER NOW

Register for free to read more.
Find out about our membership plans.

Already a member? Please log in here.

Accessing the site via a library or a company subscription? There's no need to register but you may need to contact your institution to obtain login details. Dismiss this message by clicking "X Close" button.

Posted inEastern Europe & Russia, Regions

UKRAINE: The Trouble With T-Bills

15 November 1996 UKRAINE’S TREASURY BILLS (T-bills) – issued for three months to one year – were first introduced in March 1995, providing a noninflationary means of financing the budget deficit. Continued macroeconomic stabilization and strengthening of the financial system are now tied to the development of the T-bill market. Yet high returns (the average […]