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This paper contains a selective review of some of the key fiscal issues faced by transition economies. The twelve … quality of the debate about the design and conduct of fiscal policy in transition economies generally. The outline of the … seigniorage. Section IV discusses eight specific budgetary issues I consider to be of special relevance to transition economies …
Persistent link: https://www.econbiz.de/10005123808
The paper analyses the theoretical arguments and empirical evidence linking enterprise performance in transition … transition economies themselves. Conclusions are reached about the speed of transition, about the synergy between macroeconomic …
Persistent link: https://www.econbiz.de/10005136652
The paper reviews and evaluates in a non-technical manner the economic and political arguments for and against the two fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership in Economic and Monetary Union (EMU), net general...
Persistent link: https://www.econbiz.de/10005123517
In this paper we examine the main challenges in promoting an effective market economy. While the paper ranges widely across the spectrum of economic institutions and policies, the central theme is the importance of macroeconomic stability for economic growth in the medium and long run....
Persistent link: https://www.econbiz.de/10005124132