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Author Fischer, Stanley.

Title The Transition Economies After Ten Years [electronic resource] / Stanley Fischer.

Published Washington, D.C. : International Monetary Fund, 2000.


Location Call No. Status
Physical description 1 online resource (44 p.)
Series IMF Working Papers; Working Paper ; No. 00/30
IMF Working Papers; Working Paper ; No. 00/30
Summary This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contribute to growth. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth.
Notes Description based on print version record.
Other author Fischer, Stanley.
Sahay, Ratna.
Subject Inflation Rates
Price Liberalization
Transition Period
ISBN 1451844905 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451844900.001