Drawing on scholarship from East and West, this book features discussion of such important aspects of the transformation process as the role of monetary policy, fiscal crises, exchange rate policies and privatization. In particular, several authors stress the importance of dealing with the distortions still existing in financial sectors and argue that export-led growth may be a potential driving force of accumulation in the economies currently in transition. The causes and consequences of the current fiscal crises are analysed, as are the processes of wage formation and privatization, in each case combining theoretical insight with empirical findings from the transforming economies. Later papers make comparisons with the reconstruction after the Second World War, discuss the effects of different exchange rate policies and consider the role of Western economies in promoting growth in Central and Eastern Europe.
Drawing on scholarship from East and West, this book features discussion of such important aspects of the transformation process as the role of monetary policy, fiscal crises, exchange rate policies and privatization. In particular, several authors stress the importance of dealing with the distortions still existing in financial sectors and argue that export-led growth may be a potential driving force of accumulation in the economies currently in transition. The causes and consequences of the current fiscal crises are analysed, as are the processes of wage formation and privatization, in each case combining theoretical insight with empirical findings from the transforming economies. Later papers make comparisons with the reconstruction after the Second World War, discuss the effects of different exchange rate policies and consider the role of Western economies in promoting growth in Central and Eastern Europe.
MACROECONOMIC PROBLEMS OF TRANSFORMATION: Stabilization Policies and Economic Restructuring
328
MACROECONOMIC PROBLEMS OF TRANSFORMATION: Stabilization Policies and Economic Restructuring
328Hardcover
Product Details
| ISBN-13: | 9781858980607 |
|---|---|
| Publisher: | Edward Elgar Publishing |
| Publication date: | 03/01/1994 |
| Pages: | 328 |
| Product dimensions: | 6.12(w) x 9.25(h) x (d) |