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Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States have undertaken comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. Their efforts have been supported by extensive technical assistance provided...
Persistent link: https://www.econbiz.de/10014402084
This paper analyzes the importance of developing market-enhancing institutions for restoring economic growth in … transition economies during 1991–98. The paper’s main finding is that the development of an institutional framework has indeed a …-based economic reforms remain the key determinants of growth in transition economies …
Persistent link: https://www.econbiz.de/10014399868
This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is …
Persistent link: https://www.econbiz.de/10014400100
This study, another in the series focusing on special issues in transition, reviews the experience of output decline …
Persistent link: https://www.econbiz.de/10014406386
Real wage declines have been common in the public sector in many countries over substantial periods of time. In several cases, such wage reductions have coincided with a decline in the efficiency of the public sector. In a simple analytical framework, it is shown that higher wage levels alter...
Persistent link: https://www.econbiz.de/10014396160
Persistent link: https://www.econbiz.de/10000563647
This paper examines the impact of the opening up of Eastern Europe and the Former Soviet Union on Western Europe. The analysis suggests that given reasonable (yet necessarily imprecise) assumptions on the likely developments in the previously centrally planned economies (PCPEs) over the next ten...
Persistent link: https://www.econbiz.de/10014397277
The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...
Persistent link: https://www.econbiz.de/10014398716
This paper assesses changes in the size and scope of government in 24 transition economies. Whereas these governments …
Persistent link: https://www.econbiz.de/10014403626
Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be …
Persistent link: https://www.econbiz.de/10014403652