Managing Inflation in Socialist Economies in Transition PDF Download
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Author: Tamás Bauer
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Author: Tamás Bauer
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Author: Banco Mundial
Publisher:
ISBN:
Category : Inflacion - Europa oriental
Languages : en
Pages : 271
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Book Description
Author: Roy L. Crum
Publisher: World Bank Publications
ISBN: 9780821327258
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
EDI Seminar Paper 47. Most of the formerly socialist countries have experienced a high rate of inflation during the transition to a market economy. This collection of papers examines the origins and dimensions of high inflation and critically analy
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
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Book Description
Author: Saul Estrin
Publisher: Springer Nature
ISBN: 3031123344
Category : Political Science
Languages : en
Pages : 620
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Book Description
This book, the first of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti’s career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to socialist economic systems, and the transition of former socialist countries to market economies. This book, through the inclusion of an introduction, aims to contextualise his ideas and illustrate their continued relevance. It will be of wide interest to students and researchers.
Author: Robert Wellington Campbell
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
Deals with a perfect-administration interpretation of the Soviet-type economy, the financial and macrophenomena in the administered economy, the growth strategy and growth performance in the Soviet world, the semi-reformed economy and its characteristic problems.
Author: S. Burki
Publisher: Springer
ISBN: 0230522599
Category : Social Science
Languages : en
Pages : 244
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Book Description
Transforming Socialist Economies: Lessons for Cuba and Beyond argues that countries with centrally-planned economies can pursue divergent paths towards market liberalization. The book reviews the reform processes of China, the Central Asian Republics, Eastern Europe, Russia, Vietnam, and the role of the international financial institutions, and draws lessons for Cuba, a country on the verge of wider economic transformation.
Author: Martha Melo
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
January 1997 In transition economies monetary stability goes hand in hand with adjustment in the real sectors. Subsidies and central bank support of public enterprises to help maintain employment and output are ultimately financed by creating money, reducing the options for market-based monetary policy regardless of how market-oriented the monetary system. De Melo and Denizer examine monetary policy in 26 transition countries in Europe and Central Asia from 1989 to 1995. In a socialist economy money and credit are largely determined as a residual. In a market economy monetary policy plays an active role in economic management and economic efficiency is believed to be improved by variety and sophistication in financial instruments. De Melo and Denizer classify these 26 countries by the extent of market orientation in the use of instruments of monetary policy, by indicators of policy stance, and by broad measures of effectiveness. They evaluate these three dimensions by cross-country comparison over the transition period and at the time of stabilization. They find several clear patterns. By the end of 1994 slightly fewer than half the countries were relying mainly on market-oriented monetary instruments. More than half exhibited low to moderate reliance on them. Countries that quickly formulated a monetary policy response after the break from central planning were more likely to switch to market-oriented instruments. Central and Eastern European countries moved more rapidly than countries of the former Soviet Union toward these instruments. The use of credit ceilings was helpful in the year of stabilization, especially in the Central and Eastern European countries. The elimination of credit controls was associated with effective stabilization. Policy stance, as measured by base money growth and the real discount rate, was effective in helping to reverse undesirable inflation and disintermediation trends. But the relationship between effectiveness and market orientation of monetary policy instruments is less clear. Financial depth is associated with the elimination of credit ceilings and the development of markets for government paper, and inflation is associated with the elimination of directed credit and the establishment of a market-oriented refinancing window. The overall index of the market orientation of monetary policy instruments is negatively related to inflation, but the direction of causality is unclear. On balance, inflation control and financial depth seem to be more directly related to policy stance, which is in turn related to broader structural reform. Monetary stability goes hand in hand with adjustment in the real sectors. Subsidies and central bank support of public enterprises to help maintain employment and output are ultimately financed by creating money, reducing the options for market-based monetary policy regardless of how market-oriented the monetary system. This paper - a product of the Public Economics Division and the Macroeconomics and Growth Division, Policy Research Department - is part of a larger effort in the department to provide a comparative overview of the progress in transition from a planned to a market economy.
Author: Arye L. Hillman
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 364
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Book Description
Author: Roy L. Crum
Publisher: World Bank Publications
ISBN: 9780821336588
Category : Business & Economics
Languages : en
Pages : 428
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Book Description
A wide gap still exists between Western concepts and their application in the ex-socialist countries during transition. Most Western models in financial management make assumptions about the efficiency and stability of markets and the signals that can be obtained and also assume that traditional accounting information is available and can be used for management purposes. A new paradigm is needed to manage the finance function in a transition economy experiencing hyperinflation since stamdard assumptions are not valid in most ex-socialist countries. This book describes the adaptations of financial techniques as it reviews standard financial concepts and tools, adjusts them when necessary to the unique conditions in the ex-socialist enterprises, and then presents the restructuring context and some strategies that are based on the application of these tools.
