MACROECONOMIC PROBLEMS OF TRANSFORMATION: Stabilization Policies and Economic Restructuring

In Macroeconomic Problems of Transformation a distinguished group of economists examines the cause of the dramatic output collapse in the transforming economies of Eastern Europe and formulates policies to promote economic recovery.

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 imp...