Stabilization and Reform in Eastern Europe PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Stabilization and Reform in Eastern Europe PDF full book. Access full book title Stabilization and Reform in Eastern Europe by Mr.Michael Bruno. Download full books in PDF and EPUB format.
Author: Mr.Michael Bruno
Publisher: International Monetary Fund
ISBN: 1451844859
Category : Business & Economics
Languages : en
Pages : 44
Get Book Here
Book Description
The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems.
Author: Mr.Michael Bruno
Publisher: International Monetary Fund
ISBN: 1451844859
Category : Business & Economics
Languages : en
Pages : 44
Get Book Here
Book Description
The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems.
Author: Franklyn D. Holzman
Publisher: Duke University Press
ISBN: 9780822308522
Category : Business & Economics
Languages : en
Pages : 470
Get Book Here
Book Description
Economic reform, structural adjustment, macroeconomic stabilization, and participation in the world economy are interconnected aspects of the same issue: the long-term economic viability of centrally planned economies in the rapidly changing economic environment of the modern world. Any economic strategy that focuses on only one or two of these aspects at the expense of the others is likely to fail; yet even strategies that build on all of these bases may well fail unless political leaders can muster exceptional skill, garner international support, and enjoy some good luck. The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.
Author: Olivier Jean Blanchard
Publisher: University of Chicago Press
ISBN: 0226056813
Category : Business & Economics
Languages : en
Pages : 288
Get Book Here
Book Description
When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.
Author: Joan M. Nelson
Publisher: Routledge
ISBN:
Category : Democracy
Languages : en
Pages : 248
Get Book Here
Book Description
In Eastern Europe and Latin America two trends are under way: 1) far-reaching reforms to convert economies from inward-oriented, state-dominated models to more open, market-driven approaches; and 2) efforts to consolidate democratic political openings replacing earlier authoritarian regimes. These reforms often conflict, yet paradoxically the success of each is crucial to the other. Building on earlier case studies in both regions this volume explores issues common to both regions and critical to the prospects of economic and political reforms, with contributions from Joan Nelson, Jacek Kochanowicz, Kalman Mizsei, and Oscar Munoz.
Author: Roman Frydman
Publisher: Central European University Press
ISBN: 9633864917
Category : Business & Economics
Languages : en
Pages : 239
Get Book Here
Book Description
In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.
Author: Olivier J. Blanchard
Publisher: MIT Press
ISBN: 9780262023627
Category : Business & Economics
Languages : en
Pages : 204
Get Book Here
Book Description
Examines Russia and its alternative strategy towards stabilization. The authors discuss the Russian privatization programme and they suggest how simple measures such as a payments union can be used to increase trade and output. The text concludes with a look at restructuring in Poland.
Author: Jadwiga Staniszkis
Publisher: Univ of California Press
ISBN: 0520351886
Category : History
Languages : en
Pages : 377
Get Book Here
Book Description
Understanding the dramatic political, social, and economic changes that have taken place in Poland in the mid-1980s is one key to predicting the future of the communist bloc. Jadwiga Staniszkis, an influential, internationally known expert on contemporary trends in Eastern Europe, provides an insider's analysis that deserves the attention of all scholars interested in the region. Staniszkis presents the breakthrough of 1989 as a consequence not only of systemic contradictions within socialism but also of a series of chance events. These events include unique historical circumstances such as the emergence of the "globalist" faction in Mosow, with its new, world-system perception of crisis, and the discovery of the round-table technique as a productive ritual of communication, imitated all over Eastern Europe. After describing the development, collapse, and reorganization of a "new center" in Poland in 1989-1990, she discusses the first attempt at privatizing the economy. Her analysis of the dilemmas accompanying breakthrough and transition is an invaluable guide to the challenges that face both capitalism and democracy in Eastern Europe.
Author: Robert Holzmann
Publisher: Edward Elgar Publishing
ISBN: 1839109505
Category : Business & Economics
Languages : en
Pages : 256
Get Book Here
Book Description
This thought-provoking book investigates the political and economic transformation that has taken place over the past three decades in Central, Eastern and Southeastern Europe (CESEE) since the fall of the Iron Curtain. Through an examination of both the successes and shortcomings of post communist reform and the challenges ahead for the region, it explores the topical issues of economic transition and integration, and highlights lessons to be learned.
Author: Jan Svejnar
Publisher: Academic Press
ISBN: 1483289230
Category : Business & Economics
Languages : en
Pages : 463
Get Book Here
Book Description
The Czech Republic and Economic Transition in Eastern Europe is the first in-depth, comparative analysis of the Czech Republic's economic transition after the fall of the Communist bloc. Edited by Jan Svejnar,a principal architect of the Czech economic transformation and Economic Advisor to President Vaclav Havel, the book poses important questions about the Republic and its partners in Central and Eastern Europe. The thirty-five essayists describe the country's macroeconomic performance; its development of capital markets; the structure and performance of its industries; its unemployment, household behavior, and income distribution; and the environmental and health issues it faces.In this in-depth, comparative analysis of the Czech Republic's economic transition, an international team of thirty-five economists examine the Republic and its partners in Central and Eastern Europe. Important questions and issues permeate the essays. For example, prior to 1939 the Czech Republic possessed the most advanced economy in the region; is it capable of reestablishing its dominance? Relative to its neighbors, the Republic ranks especially high on some transition-related performance indicators but low on others. What economic effects are related to the 1993 dissolution of the Czech and Slovak governments? And what can be learned by comparing the economic outcomes of two countries that shared legal and institutional frameworks? Data describe the country's macroeconomic performance; its development of capital markets; the structure and performance of its industries; its unemployment, household behavior, and income distribution; and the environmental and health issues facing it. Its most important contributions are its clarifications of the transition process.The authors included in Transforming Czechoslovakia combine the best available data and techniques of economic analysis to assess the replacement of the inefficient but internally consistent central planning system with a more efficient market system. These authors, among whom are central European economic analysts, senior U.S. economists, and Czechoslovakian professors and economic researchers, discuss the country's macroeconomic performance; its development of capital markets; the structure and performance of its industries; its unemployment, household behavior, and income distribution; and the environmental and health issues facing it. The essays vary between presentations of history and policy and technical examinations of data. Together they offer the most comprehensive and detailed assessment of the country's economic transformation in print.This book is important because its essayists compile results and reach conclusions that are broad and credible. The empirical data were gathered on the ground and have been subjected to advanced methodologies, including game theory, industrial organization, and Granger-Sims causality.
Author: Kanhaya Gupta
Publisher: Routledge
ISBN: 1134706626
Category : Business & Economics
Languages : en
Pages : 220
Get Book Here
Book Description
This book presents a model which simulates the effects of financial reforms in transitional economies, which is then applied to Poland for a variety of policy simulations. The authors develop models for households, commerical banks and firms, expanding their enquiry into the government sector, the central banking sector, the external sector and finally the supply side. These sub-sector models explicitly incorporate institutional features specific to the Polish economy. The estimated model is used to simulate the effects of a wide array of financial policies introduced in Poland, and these results are then used to assess the effectiveness of the policies analyzed. This timely and authoritative study sheds new light on how a country's overall economic system responds when it pursues a 'big-bang' approach to marketization.
