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Paper discusses reform process in the Czech Republic (and former Czechoslovakia), which after some preparations in 1990 … started in 1991 has been implemented along two major reform lines: - microeconomic restructuring including privatization … privatization representing the property of more than USD 7 bn (in book value). A number of other firms have been privatized using …
Persistent link: https://www.econbiz.de/10014046215
, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as … privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening …
Persistent link: https://www.econbiz.de/10014398265
The history of transition in Russia is analyzed in this paper. Issues ranging from managerial incentives to the changing structure of trade are considered in an attempt to present a comprehensive sketch of the state of the Russian economy. The transition in Russia can be compared with...
Persistent link: https://www.econbiz.de/10014103829
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Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...
Persistent link: https://www.econbiz.de/10011824986
Im Falle der Transformationsländer Mittel- und Osteuropas formierte sich 1989/90 parallel zu den wirtschaftspolitischen Empfehlungen der Neoklassik ein alternativer monetärkeynesianischer Ansatz in Form der Berliner Schule. Die Politikempfehlung der Berliner Schule lautete Währungsreform und...
Persistent link: https://www.econbiz.de/10011927186
Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new micro data on men to estimate returns to human capital under the communist wage grid and during the transition to a market economy. We use data from the Czech Republic because it...
Persistent link: https://www.econbiz.de/10011325997
capitalism after the split up of Czechoslovakia. An additional year spent under democracy increases height by 0.286cm for Slovaks …
Persistent link: https://www.econbiz.de/10010433968