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Macroeconomic Stabilization in Transition Economies

Author : Mario I. Blejer

Publisher : Cambridge University Press

Page : 352 pages

File Size : 17,63 MB

Release : 1997-03-28

Category : Business & Economics

ISBN : 052158177X

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Book Description

The essays in this volume explore the special type of policies that were needed in the post-socialist countries of Eastern Europe and the Former Soviet Union in order to reduce inflation and to stop the fall in output that followed the collapse of Communism. The book contains a number of general studies that discuss the type of reforms needed and how they condition policies and analyze the aggregate relationship between reducing inflation, implementing structural reforms, and renewing the process of growth.



Stabilization and Growth in Transition Economies

Author : Mr.Stanley Fischer

Publisher : International Monetary Fund

Page : 32 pages

File Size : 21,54 MB

Release : 1996-04-01

Category : Business & Economics

ISBN : 1451980043

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Book Description

This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of inflation and growth illustrates the key roles of fixed exchange rates, improved fiscal balances, and structural reforms in spurring growth and lowering inflation, and confirms that inflation stabilization programs have been beneficial for growth even after controlling for structural reforms.



State Enterprise Reform and Macroeconomic Stability in Transition Economies

Author : Frances Perkins

Publisher : Research School of Pacific Studies Australian National Univ

Page : 64 pages

File Size : 34,67 MB

Release : 1994

Category : Budget

ISBN :

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Book Description

Number 95/1 in the Economics Division Working Papers Development Issues. This paper establishes a link between macroeconomic performance indicators and the reform of state-owned enterprises in formerly centrally planned economies. Consideration is given to the formerly centrally planned economies in Europe and China. Includes a glossary, bibliography and a list of recent publications by the Economics Division, Research School of Pacific and Asian Studies, the Australian National University. Frances Perkins is director of the East Asia Analytical Unit, Department of Foreign Affairs and Trade. Martin Raiser is with the Kiel Institute of World Economics at Kiel University.



Crisis, Stabilization and Growth

Author : Patrick J. Conway

Publisher : Springer Science & Business Media

Page : 366 pages

File Size : 44,74 MB

Release : 2012-12-06

Category : Business & Economics

ISBN : 1461515734

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Book Description

List of Figures. List of Tables. List of Symbols. List of Country Acronyms. Foreword and Acknowledgements. I. The Transition Economies. II. Saving, by Plan and in the Market. III. Considering the Competing Explanations of Transition in Inflation and Economic Growth. IV. The Inflationary Explosion Following Price Liberalization. V. The Crisis Years. VI. Directed Credits and Financial Repression in Belarus. VII. Stabilization in Transition Economies. VIII. Ukraine in the Stabilization Phase. IX. Georgia: from Crisis to Stabilization .. and Then? X. The Fallout of the Russian Financial C.



The Economics of Transition

Author : Egor Timurovich Gaĭdar

Publisher : MIT Press

Page : 1066 pages

File Size : 24,67 MB

Release : 2003

Category : Business & Economics

ISBN : 9780262072199

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Book Description

This collection of essays discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform.



Inflation and Stabilization in Transition Economies

Author : Ms.Ratna Sahay

Publisher : International Monetary Fund

Page : 74 pages

File Size : 38,16 MB

Release : 1995

Category : Business & Economics

ISBN :

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Book Description

A simple model is developed to understand inflationary pressures and stabilization in nonmarket economies. In light of the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe and the former Soviet Union. These experiences are then compared to those of high inflation market economies. The paper concludes that, despite significant differences in the economic structure and institutional framework, the inflation and stabilization experiences in transition and market economies are similar in many respects. In particular, monetary accommodation and lack of fiscal discipline are critical in sustaining inflation, and exchange rate-based anchors seem more successful than money anchors in bringing down inflation. On the other hand, wage policies appear to be more critical in reigning inflation in transition economies than in market economies.



Transition Economy

Author : Fouad Sabry

Publisher : One Billion Knowledgeable

Page : 315 pages

File Size : 39,28 MB

Release : 2024-01-13

Category : Business & Economics

ISBN :

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Book Description

What is Transition Economy A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization. In addition to this trade barriers are removed, there is a push to privatize state-owned enterprises and resources, state and collectively run enterprises are restructured as businesses, and a financial sector is created to facilitate macroeconomic stabilization and the movement of private capital. The process has been applied in China, the former Soviet Union and Eastern bloc countries of Europe and some Third world countries, and detailed work has been undertaken on its economic and social effects. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Transition economy Chapter 2: Economy of Moldova Chapter 3: Economy of Togo Chapter 4: Economy of Ukraine Chapter 5: Economy of Uzbekistan Chapter 6: European Bank for Reconstruction and Development Chapter 7: Economy of Tunisia Chapter 8: Shock therapy (economics) Chapter 9: Economy of Canada Chapter 10: Economy of Europe Chapter 11: Economy of the Socialist Federal Republic of Yugoslavia Chapter 12: Balcerowicz Plan Chapter 13: World economy Chapter 14: Economic history of Turkey Chapter 15: Economic history of China (1949-present) Chapter 16: Central Bank of Uzbekistan Chapter 17: Economic history of the Russian Federation Chapter 18: Chinese economic reform Chapter 19: Erik Berglöf Chapter 20: Dollarization of Cuba Chapter 21: World Bank and Poland (II) Answering the public top questions about transition economy. (III) Real world examples for the usage of transition economy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of transition economy.



Recovery and Growth in Transition Economies 1990–97

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 38 pages

File Size : 18,10 MB

Release : 1998-09-01

Category : Business & Economics

ISBN : 145192836X

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Book Description

This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.



Macroeconomic Policies and the Development of Markets in Transition Economies

Author : Fabrizio Coricelli

Publisher : Central European University Press

Page : 177 pages

File Size : 45,51 MB

Release : 1997-12-01

Category : Business & Economics

ISBN : 9633864860

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Book Description

Presenting the first integrated view of transition based on a unified analytical framework, this book evaluates the experience of several transition economies. Fabrizio Coricelli's view of transition emphasizes the connection between peculiar initial conditions and the effects of market reforms. Taking the starting point of underdeveloped markets and market institutions, he evaluates macroeconomic policies in relation to their impact on the development of markets. Coricelli stresses particularly financial markets – the 'missing' market under the system of central planning – and he highlights fundamental trade-offs for economic policy which can play a crucial role in determining the success of reforms.



Fiscal Decentralization and Intergovernmental Relations in Transition Economies

Author : Richard Miller Bird

Publisher : World Bank Publications

Page : 92 pages

File Size : 19,99 MB

Release : 1993

Category : Decentralization in government

ISBN :

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Book Description

Designing a well-functioning intergovernmenal fiscal system is essential to the success of all the transitional economies' major reform goals: privatization, macroeconomic stability, more efficient performance and economic growth, and an adequate social safety net.