UDC 330.1

BREACH OF CONTRACTUAL COMMITMENTS AND SOFT BUDGET CONSTRAINTS

Osipov Andrey Vladimirovich
Kazan Institute (branch) of Plekhanov Russian University of Economics
Candidate of Economic Sciences, Associate Professor, Department of Economics

Abstract
The article discusses the relationship between the breach of contractual commitments in economy and the emergence of soft budget constraints. Identified the causes and consequences of the behavior of contract’s violator and the injured party. Specified the indicators of soft budget constraints, defined the role of overdue debt.

Keywords: breach of contract, commitment, completeness of contract, overdue debt, penalties for violation, soft budget constraints, subsidization


Category: Economics

Article reference:
Breach of contractual commitments and soft budget constraints // Humanities scientific researches. 2015. № 7. P. 2 [Electronic journal]. URL: http://human.snauka.ru/en/2015/07/11844

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