Interenterprise Arrears in Post-Communist Economies PDF Download
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Author: Jacek Rostowski
Publisher: International Monetary Fund
ISBN: 1451975104
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a stabilization attempt that is not credible. In the latter case, the result can be a sharp fall in output. Non-market and market solutions to this problem are analyzed, and the advantages of the latter over the former are stressed.
Author: Jacek Rostowski
Publisher: International Monetary Fund
ISBN: 1451975104
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a stabilization attempt that is not credible. In the latter case, the result can be a sharp fall in output. Non-market and market solutions to this problem are analyzed, and the advantages of the latter over the former are stressed.
Author: Mr.Daniel Daianu
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
The paper considers that strain is the main source of inter-enterprise arrears in post-command economies. Strain can be linked with the structure of the economy and the size of resource misallocation. Inter-enterprise arrears “soften” markets and operate as a self-protecting device against the pressure for change. As temporary quasi-inside money, arrears fuel inflation. A paradox of policy credibility in undertaking structural adjustment is emphasized. Rising exports can be a possible side effect of arrears and a constraining factor: the size of the economy is seen as affecting the relationship between arrears and exports. An operational framework for containing arrears would Include: “breaking up” structure; Imposing a disciplining “straitjacket” on structure; industrial policy (“picking losers among losers”) and targeted external assistance. Containing arrears can not be a one shot policy-drive; here one deals with a process that will overlap in time with the evolving environment.
Author: John P. Hardt
Publisher: Routledge
ISBN: 1315481758
Category : Business & Economics
Languages : en
Pages : 915
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Book Description
This volume makes JEC-commissioned expert studies of economic developments in East-Central Europe available to business people, educators and students. Coverage includes economic, political and social reform issues, regional relations, and the impact of Western assistance programmes.
Author:
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 706
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Book Description
Distributed to some depository libraries in microfiche.
Author: Robert W Campbell
Publisher: Westview Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
The contributing authors, distinguished specialists on the formerly planned economies with decades of experience in the field, offer cogent analyses of the economic, political, social, and geographic dimensions of current reforms. They also review salient features of the old command economic systems, the effects of which even today have not been eradicated.
Author: Simon Commander
Publisher: World Bank Publications
ISBN: 9780821337257
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
Considers the achievements and challenges facing East Asia's workers. The report reviews labor outcomes and evaluates the benefits of rapid growth to workers and the impact that the region's role in the global economy has had on them. It also examines labor market policies and institutions in the region, labor in the transition economies, and the outlook for East Asian workers in the 21st century. Also available: World Development Report 1995: Workers in an Integrating World Stock no. 61102 (ISBN 0-19-521102-2).
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451850956
Category : Business & Economics
Languages : en
Pages : 86
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Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author: National Research Council
Publisher: National Academies Press
ISBN: 9780309059299
Category : Political Science
Languages : en
Pages : 534
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Book Description
This ground-breaking new volume focuses on the interaction between political, social, and economic change in Central and Eastern Europe and the New Independent States. It includes a wide selection of analytic papers, thought-provoking essays by leading scholars in diverse fields, and an agenda for future research. It integrates work on the micro and macro levels of the economy and provides a broad overview of the transition process. This volume broadens the current intellectual and policy debate concerning the historic transition now taking place from a narrow concern with purely economic factors to the dynamics of political and social change. It questions the assumption that the post-communist economies are all following the same path and that they will inevitably develop into replicas of economies in the advanced industrial West. It challenges accepted thinking and promotes the utilization of new methods and perspectives.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451957068
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last twenty years rather than sooner? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We then proceed to a discussion of political economy models, which we organize into six groups: (1) models based upon opportunistic policy makers and naive voters with “fiscal illusion”; (2) models of intergenerational redistributions; (3) models of debt as a strategic variable, linking the current government with the next one; (4) models of coalition governments; (5) models of geographically dispersed interests; and (6) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.
Author: Anders Åslund
Publisher: Cambridge University Press
ISBN: 9780521805254
Category : Europe, Eastern
Languages : en
Pages : 532
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Book Description
