Macroeconomic Stabilization in Transition Economies

by Mario I. Blejer, Marko Skreb

Overview

The essays in this volume explore the special type of reforms and policies that are required 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 articles collected in this book study in detail both the analytical underpinning of this process, the overall relationships among stabilization, reforms, and growth, and the specific stabilization experience in a number of countries. In addition, the volume discusses some of the central policy issues related to enterprise behavior in post-socialist countries and looks at the longer-run dimensions of a successful transition.

Product Details

ISBN-13:	9780521025355
Publisher:	Cambridge University Press
Publication date:	03/30/2006
Pages:	352
Product dimensions:	5.98(w) x 9.06(h) x 0.83(d)

Table of Contents

Preface; Introduction: Stabilization after five years of reform: Issues and experiences Mario I. Blejer and Marko Skreb; Part I. General Studies: 1. From plan to market: patterns on transition Martha de Melo, Cedevet Denizer and Alan Gelb; 2. The great contractions in transition economies Robert A. Mundell; 3. Enterprise credit and stabilization in transition economies: experience with enterprise isolation Marcelo Selowsky and Matthew Vogel; 4. Employeeism: corporate governance and employee share ownership in transitional economies D. Mario Nuti; Part II. Country Studies: 5. Inflation and stabilization in Poland, 1990–5 Stanislaw Wellich; 6. The political economy of the Hungarian stabilization and austerity program János Kornai; 7. Preparation and implementation of a credible stabilization program in the Republic of Croatia Nikica Valentic; 8. Exchange rate and prices in a stabilization program: the case of Croatia Velimir Sonje and Marko Skreb; 9. Stabilization in Slovenia: from high inflation to excessive inflow of foreign capital Velimir Bole; 10. Macroeconomic stabilization in the Baltic States Ardo H. Hansson; 11. Economic reform in Ukraine Oleh Havrylyshyn; Part III. Afterword: 12. Economic transformation and the policies for long-term growth Vito Tanzi.; Index.