Showing 1 - 10 of 94
Persistent link: https://www.econbiz.de/10005590918
A very ambitious fiscal adjustment effort is under way. Fiscal institutional and sectoral reforms have been elaborated for a more durable adjustment. Greece’s determination toward a comprehensive modernization of the health sector, beginning with a far-reaching reform of state enterprises...
Persistent link: https://www.econbiz.de/10011244162
The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to...
Persistent link: https://www.econbiz.de/10005264034
This Selected Issues paper for Romania reports that the practice of nonpayment and arrears accumulation has been widespread in Romania. Managers of enterprises that remain in the pipeline for privatization for long periods of time have little incentive to reduce arrears. The state contributed to...
Persistent link: https://www.econbiz.de/10005591456
economy, and presents an overview of economic benefits of deregulation, labor market liberalization, and enterprise reform …
Persistent link: https://www.econbiz.de/10011245717
Romania's macroeconomic performance remains broadly in line with the program, but the recent strengthening of domestic demand and nonobservance of four performance criteria require corrective measures. Discussions on policies for 2003 took place in the context of increasing risks stemming from...
Persistent link: https://www.econbiz.de/10005252787
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and...
Persistent link: https://www.econbiz.de/10005769003
This paper assesses Romania’s Third Review Under the Stand-By Arrangement and a Request for Waiver of Performance Criterion. Romania’s macroeconomic performance continued to be favorable, but slippages in wage policy and privatization delayed the completion of the third review....
Persistent link: https://www.econbiz.de/10005591732
This Selected Issues paper is a wide-ranging survey of the conditions for, and obstacles to, the growth in Mexico. It frames the issue of Mexico’s growth record, and presents the paper’s prior assumptions and approach. It highlights the main observations and conclusions emerging...
Persistent link: https://www.econbiz.de/10011245707
This paper presents empirical evidence on the impact of competition on firm productivity. Using firm-level observations … competition and our measures of productivity. We also find that countries that implemented product-market reforms had a more … pronounced increase in competition, and correspondingly, in productivity: the contribution to productivity growth due to …
Persistent link: https://www.econbiz.de/10008470387