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Author: Gerard Caprio
Publisher: World Bank Publications
ISBN:
Category : Bank loans
Languages : en
Pages : 44
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Book Description
Author: Gerard Caprio
Publisher: World Bank Publications
ISBN:
Category : Bank loans
Languages : en
Pages : 44
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Book Description
Author: Gerard Caprio
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 0
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Book Description
Author: Alan Roe
Publisher:
ISBN:
Category : Europe, Eastern
Languages : en
Pages : 56
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Book Description
Author: Hüsnü Kizilylli
Publisher: Routledge
ISBN: 0429812450
Category : Business & Economics
Languages : en
Pages : 575
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Book Description
First published in 1998, this volume responded to the recent fall of the Soviet Union and looks at the process of transitioning away from Socialist economies, including case studies in the former Soviet Union, Poland, Hungary, China, East Germany and other Socialist countries. Taking the view that economic and political indicators suggest a lack of success in the post-Soviet transformation process, Kızılyallı argues that they have been unsuccessful due to poor planning. Kızılyallı notes an abandonment of the previous system and an ineffective implementation of market capitalism which have led to these negative outcomes. The new method developed herein provides a partial solution through estimating the correct exchange rate based on world prices and under conditions of macroeconomic equilibrium, while also allowing planning for sequencing market reforms. Reform issues are then discussed, followed by the reform experiences of Poland, Hungary, East Germany, China and the former Soviet Union. Lastly, developments in macroeconomic theory are reviewed in light of these case studies. Kızılyallı concludes that both neoclassical and new Keynesian theories fail to provide an economically meaningful framework for analysis of current economic and employment problems, nor for their cure.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
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: Millard Long
Publisher:
ISBN:
Category : China
Languages : en
Pages : 36
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Book Description
The restructuring of banks must be tied to the restructuring of industrial enterprises, to macroeconomic stabilization, to price reform, and to the resolution of ownership problems. These problems, which will take years to resolve, require a commitment to reform, clear ideas about what is to be achieved, and realistic expectations about the difficulties that will be encountered.
Author: Peter Gey
Publisher: Routledge
ISBN: 0429712596
Category : Political Science
Languages : en
Pages : 272
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Book Description
In contrasting the economic developments in the Soviet Union, in Poland, Cuba, Yugoslavia, Hungary, and China, this book evaluates the pressures and constraints of systemic changes in different types of socialist economies. .
Author: Christine Kessides
Publisher:
ISBN:
Category :
Languages : en
Pages : 248
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Book Description
Author: János Kornai
Publisher: MIT Press
ISBN: 9780262111980
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
Hungarian economist Janos Kornai first used the metaphor of a single path to postsocialist transition in his earlier book, The Road to a Free Economy. The new metaphor that frames this collection of eight recent studies reflects a broader perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai observes, but to what kind, how fast, and at what cost? Who wins and who loses? Kornai draws from his experiences of Hungarian reform as well as from countries of the former Soviet Union to make several major points. The first three studies describe what went wrong in countries that tried to mix elements of planned and market economies. Efforts made by communist countries to introduce market socialism (the "middle road") contained an inherent contradiction between the logic of socialism and the logic of a free enterprise system, and were doomed to failure. In the studies that follow, Kornai analyzes the on-going dilemmas. The transition from communism to free enterprise is filled with daunting hurdles; it requires no less than redefining ownership, changing values concerning the distribution of wealth, transferring the control of political power, creating financial institutions and enforcing financial discipline, and making deep economic sacrifice. Kornai closes with an overall survey of postsocialist transition, describing the stages that countries tend to go through, that will be particularly useful to scholars of comparative economic systems.
