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On Wars, Sanctions and Sovereign Default
Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2022
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
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Credibility, Debt and Unemployment : Ireland's Failed Stabilization
Dornbusch, Rudiger - 1988
Can the credibility of a stabilization plan affect the output costs of disinflation? The new classical economics has asserted this possibility, but little evidence has been brought forward. This paper analyzes the stabilization program of Ireland in the l980s against the background of the new...
Persistent link: https://www.econbiz.de/10012476272
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Bolivia's Economic Crisis
Morales, Juan Antonio - 1988
By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered from major external shocks, but the extent of economic collapse in the face of these shocks (including a hyperinflation during 1984-85) suggests that internal factors as well as...
Persistent link: https://www.econbiz.de/10012476427
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Transition from Inflation to Price Stability
Garber, Peter M. - 1981
This paper provides a detailed discussion of the real phenomena that materialized in the stabilization period which followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed to a government policy which subsidized heavy...
Persistent link: https://www.econbiz.de/10012478387
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Restructuring
Blanchard, Olivier (contributor) - 1994
Persistent link: https://www.econbiz.de/10000112367
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Insider Privatization and Careers - A Study of a Russian Firm in Transition
Friebel, Guido - 2007
We study how transition has affected human resource policies of a Russian heavy industry firm. Our data set contains personnel files of 1538 white-collar workers over 17 years: from 1984 to 2000. We find career paths before the first year of Gaidar's reforms, 1992, when Russian transition to a...
Persistent link: https://www.econbiz.de/10012465657
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Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries : 11 Years Later
Godoy, Sergio - 2006
the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …
Persistent link: https://www.econbiz.de/10012466679
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The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China
Young, Alwyn - 2000
In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...
Persistent link: https://www.econbiz.de/10012470915
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Privatization in East European Transformation
Fischer, Stanley - 1991
privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist …
Persistent link: https://www.econbiz.de/10012475303
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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries
Bloom, Nicholas - 2011
We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...
Persistent link: https://www.econbiz.de/10012461426