Stabilization and Reform in Eastern Europe: A Preliminary Evaluation
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 as...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1992
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Schriftenreihe: | IMF Working Papers
Working Paper No. 92/30 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (44 p) |
ISBN: | 1451844859 9781451844856 |
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spelling | Bruno, Michael Verfasser aut Stabilization and Reform in Eastern Europe A Preliminary Evaluation Bruno, Michael Washington, D.C International Monetary Fund 1992 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/30 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 Online-Ausg http://elibrary.imf.org/view/IMF001/06473-9781451844856/06473-9781451844856/06473-9781451844856.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Bruno, Michael Stabilization and Reform in Eastern Europe A Preliminary Evaluation |
title | Stabilization and Reform in Eastern Europe A Preliminary Evaluation |
title_auth | Stabilization and Reform in Eastern Europe A Preliminary Evaluation |
title_exact_search | Stabilization and Reform in Eastern Europe A Preliminary Evaluation |
title_exact_search_txtP | Stabilization and Reform in Eastern Europe A Preliminary Evaluation |
title_full | Stabilization and Reform in Eastern Europe A Preliminary Evaluation Bruno, Michael |
title_fullStr | Stabilization and Reform in Eastern Europe A Preliminary Evaluation Bruno, Michael |
title_full_unstemmed | Stabilization and Reform in Eastern Europe A Preliminary Evaluation Bruno, Michael |
title_short | Stabilization and Reform in Eastern Europe |
title_sort | stabilization and reform in eastern europe a preliminary evaluation |
title_sub | A Preliminary Evaluation |
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