| Description |
1 online resource (iii, 15 pages) |
| Series |
IMF working paper ; WP/91/66 |
|
IMF working paper ; WP/91/66.
|
| Summary |
Annotation This paper identifies obstacles hindering the transformation of centrally-planned economies (CPEs) into well-functioning market economies. the obstacles identified relate to (i) anticipatory dynamics, (ii) monetary overhang and the budget, and (iii) underdeveloped credit markets. It is demonstrated that these obstacles inhibit the effectiveness of price reform, monetary and credit policies, and trade liberalization. the analysis focuses on various ways to remove the obstacles. In this regard, a special examination is made of the implications of cleaning the balance sheets of enterprises and banks from nonperforming loans, as well as ways to enhance credibility. the paper concludes with a brief discussion of sequencing, safety nets, and their associated obstacles |
| Bibliography |
Includes bibliographical references (pages 14-15) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Central planning.
|
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Economic conversion.
|
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Free enterprise -- Soviet Union
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Free enterprise
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Economic policy
|
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Central planning
|
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Economic conversion
|
| SUBJECT |
Soviet Union -- Economic policy.
http://id.loc.gov/authorities/subjects/sh85125731
|
| Subject |
Soviet Union
|
| Form |
Electronic book
|
| ISBN |
1462395406 |
|
9781462395408 |
|
1452722013 |
|
9781452722016 |
|
1281491861 |
|
9781281491862 |
|
9786613780553 |
|
6613780553 |
|
1451998112 |
|
9781451998115 |
|
9781451848724 |
|
1451848722 |
|
