This paper examines Hungary's reforms since 1968. It discusses the government's medium-term adjustment program, unveiled in the fall of 1990, which aims to install the key elements of a market economy in three years

This paper explores the experience of six countries (Chile, Colombia, Egypt, Mexico, Spain and Thailand) with capital inflows. It illustrates that although capital inflows are usually beneficial, too great an inflow can become a problem and make it difficult for authorities to choose the...