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Author: Aleksandr V Gevorkyan
Publisher: Routledge
ISBN: 1136833501
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
This book explores the problems of fiscal policy as an instrument of economic and social development in the modern environment, primarily focusing on the transition economies of Eastern Europe, Caucasus, and Central Asia. Evaluating the transformational experience in these countries, this work meets a need for a critical analysis in the aftermath of the 1990s market liberalization reforms, of current trends and to outline the roadmap for future development.
Author: Aleksandr V Gevorkyan
Publisher: Routledge
ISBN: 1136833501
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
This book explores the problems of fiscal policy as an instrument of economic and social development in the modern environment, primarily focusing on the transition economies of Eastern Europe, Caucasus, and Central Asia. Evaluating the transformational experience in these countries, this work meets a need for a critical analysis in the aftermath of the 1990s market liberalization reforms, of current trends and to outline the roadmap for future development.
Author: Mr.Willem H. Buiter
Publisher: International Monetary Fund
ISBN: 1451980078
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
Key medium– and longer–term fiscal issues faced by transition economies are reviewed, including government solvency and the sustainability of the fiscal–financial–monetary program. The paper aims to assist the design and implementation of future Fund programs and to contribute to the debate about fiscal policy in transition economies. After presenting a framework for evaluating the sustainability of the fiscal–financial–monetary program of the state, some numerical material is presented on public debt, (quasi–) fiscal deficits and monetary financing. Eight budgetary issues of special relevance to transition economies are considered next. The lessons from this study are summarized in a number of propositions.
Author: Josef C. Brada
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In this and several preceding issues of Post-Soviet Geography and Economics, we have published analyses of fiscal policy in Hungary (Kiss and Szapary, 2000), the Czech Republic (Drabek and Schneider, 2000), and Poland (Kemme and Rapacki, 2000). These analyses are based on papers presented at the Annual Meetings of the Association for Comparative Economic Studies in January 2000 and subsequently revised and updated for publication here. Such a systematic comparison of fiscal policy in these three transition economies is both timely and important for our understanding of the process of post-transition stabilization and of the longer-term disinflation that has been taking place in these economies during the 1990s. These processes will also have to continue if these three countries are to realize their goal of membership in the EU in the next five years. These surveys of fiscal policy reform also are motivated by the fact that, while a very large body of research has appeared on the monetary policy of the transition economies (see Davis and Patterson, 2001), much less attention has been paid to fiscal policy. This emphasis on monetary policy is perhaps mis-placed because, although monetary policy is important for both stabilization and exchange-rate policy, given the embryonic state of financial markets in these countries in the early tran-sition period, close coordination between fiscal and monetary policy was critical if money markets were not to be swamped by the central banks? need to finance government deficits. Moreover, just as the possibilities for an effective monetary policy depended on the creation of institutions that could support and mediate such policy, so did the introduction of an effective fiscal policy depend on the elimination of the socialist-era tax system, with its emphasis on the turnover and enterprise taxes, and on the creation of a modern system of taxation and of the agencies required to administer it. Indeed, Kiss and Szapary (2000, p. 233) are not off the mark when they argue that fiscal policy became the epicenter of the transformation process. In this paper, I will briefly summarize the lessons that these three valuable papers provide. I shall also attempt to draw some broader conclusions regarding the role of fiscal policy in the course of transition by comparing the experiences of the three countries.
Author: Richard Miller Bird
Publisher: World Bank Publications
ISBN:
Category : Decentralization in government
Languages : en
Pages : 92
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Book Description
Designing a well-functioning intergovernmenal fiscal system is essential to the success of all the transitional economies' major reform goals: privatization, macroeconomic stability, more efficient performance and economic growth, and an adequate social safety net.
Author: Aleksandr V. Gevorkyan
Publisher: Routledge
ISBN: 1317567943
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book’s core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration. Transition Economies will aid students, researchers and policy makers working on the problems of comparative economics, economic development, economic history, economic systems transition, international political economy, as well as specialists in post-Soviet and Central and Eastern European regional studies.
Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1451921209
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
This paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on three main topics: (a) the extent to which the budget deficit should be a guide to policy; (b) the reforms that must be carried out in tax legislation and tax administration; and (c) the required changes in public expenditure and in the setting up of institutions to manage public spending.
Author: Barbara Fakin
Publisher: World Bank Publications
ISBN:
Category : Ajuste estructural
Languages : en
Pages : 38
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Book Description
Author: Jukka Pirttilä
Publisher:
ISBN: 9789516869257
Category : Economic history
Languages : en
Pages : 0
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Book Description
Author: Anna Meyendorff
Publisher: MIT Press
ISBN: 9780262133913
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written by leading European and North American scholars, the essays apply modern finance theory and empirical data to the development of new financial sectors.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
