Stabilization and Reform in Eastern Europe
Stabilization and Reform in Eastern Europe

Author: Mr.Michael Bruno

Publisher: International Monetary Fund

Published: 1992-05-01

Total Pages: 44

ISBN-13: 1451844859

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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.

Economic Adjustment and Reform in Eastern Europe and the Soviet Union
Economic Adjustment and Reform in Eastern Europe and the Soviet Union

Author: Franklyn D. Holzman

Publisher: Duke University Press

Published: 1988

Total Pages: 470

ISBN-13: 9780822308522

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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.

On the Sequencing of Reforms in Eastern Europe
On the Sequencing of Reforms in Eastern Europe

Author: Mr.Hans Genberg

Publisher: International Monetary Fund

Published: 1991-02-01

Total Pages: 42

ISBN-13: 1451924712

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This paper discusses issues related to the sequencing of the reforms that are necessary to transform the economies in Eastern Europe into market economies. It is first argued that the transition path of these economies will be smoother and less costly if a clear statement of the ultimate goals of the reforms is made at the outset. Interdependence between different aspects of the reforms implies that an appropriate strategy is to move on a broad front from the very beginning of the transformation process dealing simultaneously with macroeconomic stabilization, price reforms and convertibility, and privatization of state enterprises. It is also argued that a rapid reform process is preferable to a gradual one.

Struggle and Hope
Struggle and Hope

Author: János Kornai

Publisher: Edward Elgar Publishing

Published: 1997

Total Pages: 312

ISBN-13:

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Hungarian Kornai (economics, Harvard U.) analyzes stabilization and reform in eastern Europe and appeals for solidarity and individual rights. He characterizes the problems of stabilization and adjustment as painful but necessary conditions of sustainable growth, and the reforms of what he calls premature welfare states as disproportionately large in relation to the resources available. He emphasizes the ethical implications and historical roots of the problems and the political conditions and consequences of change. Annotation copyrighted by Book News, Inc., Portland, OR

The Making of Economic Reform in Eastern Europe
The Making of Economic Reform in Eastern Europe

Author: Mario I. Bléjer

Publisher: Edward Elgar Publishing

Published: 1995

Total Pages: 176

ISBN-13:

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This text features interviews with three of the key human actors behind the reforms in Eastern Europe: Lesek Balcerowicz, Polish Deputy Prime Minister and Minsiter of Finance, 1990-91; Peter Akos Bod, President of the National Bank of Hungary and formerly Minister of Industry; and Vaclav Klaus, Prime Minister of the Czech Republic and Czechoslovakian Minister of Finance. The conversations include discussion about their personal and intellectual formation, their views of the development and design of the reform package, their initial expectations, the process of implementing the reforms and the prospects for the future.

Political Economy of Reform and Change (Routledge Revivals)
Political Economy of Reform and Change (Routledge Revivals)

Author: Jan Winiecki

Publisher: Routledge

Published: 2013-04-03

Total Pages: 177

ISBN-13: 1136462430

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First published in 1997, this collection of articles and essays analyses the political economy of reform and change in Eastern Europe during the years of Gorbachev’s perestroika and the years immediately following the fall of the Berlin wall and the collapse of the Soviet Union. Written by Polish economist Jan Winiecki, between 1984 and 1996, this work explores the issue of the feasibility of reform and change during the period of decline and collapse of communist economic order and, later, the emergence of the capitalist economic order in the post-communist Eastern Europe. Split into three parts, the work considers firstly the failures of Gorbachev’s political economy of reform, secondly the determining factors in the collapse of the Soviet system, and finally the feasibility of the systematic change which began in the wake of its collapse.

Systemic Change and Stabilization in Eastern Europe
Systemic Change and Stabilization in Eastern Europe

Author: Anders Åslund

Publisher: Dartmouth Publishing Company

Published: 1991

Total Pages: 170

ISBN-13:

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The systematic transformation from planning and bureaucratic co-ordination to a liberal private capitalist economic order has been a historic challenge for Central and South-East European countries. It was inevitable that following the post-revolutionary euphoria there would be a period of gathering stock as the true dimensions of the crisis came to be appreciated. What is clear is that the road form crisis to capitalism will be long and bumpy and this book focuses on some of the key policy-relevant theoretical issues of strategic transformation. In doing this the contributors compare the situation in East Europe with non-European experience - particularly that of Latin America - and attempt to establish a basis for redesigning and consolidating the crisis-ridden Central and Eastern European States.