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From Centrally-Planned to Market Economies : The Road from CPE to PCPE

Frenkel, Jacob A. - 1991

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this...

Persistent link: https://www.econbiz.de/10014398717

Towards a Market Economy : Structures of Governance

Dhonte, Pierre - 1997

This paper proposes an operational interpretation of the concept of economic governance. It argues that the capacity of governments to credibly ensure a secure economic environment provides an important benchmark against which governance can be evaluated. Such an environment—which is essential...

Persistent link: https://www.econbiz.de/10014403311

China : An Evolving Market Economy: A Review of Reform Experience

Kochhar, Kalpana - 1992

This paper examines China’s reform experience since 1978, reviewing major initiatives taken and assessing their impact … special conditions before and during the reform process that impinged on China’s capacity to implement reforms, and, in … particular, those where China may differ from other countries undertaking reform, including former CPEs. A further consideration …

Persistent link: https://www.econbiz.de/10014397706

Establishing Incentive Structures and Planning Agencies That Support Market-Oriented Transformations

Isard, Peter - 1991

This note addresses various types of incentives that must be established before a market economy can function effectively. It also argues that the enormous challenge of restructuring large industrial enterprises or reabsorbing their workers, while appropriately based on market signals, cannot be...

Persistent link: https://www.econbiz.de/10014397812

Fiscal Policy During the Demise of Central Planning : The Transition to a Market Economy

Feltenstein, Andrew - 1990

This paper constructs an intertemporal general equilibrium model designed to examine an economy in transition from central planning to being market oriented. A numerical algorithm is developed to obtain a solution for the model. Simulations using stylized country-specific data examine the...

Persistent link: https://www.econbiz.de/10014395891

Business Cycle in Czechoslovakia Under Central Planning : Were Credit Shocks Causing it?

Bulir, Ales - 1996

This paper examines credit origins of the business cycle in the former Czechoslovakia. Industrial production is found to be cointegrated with various measures of bank credit during 1976-90 and it is shown that noninvestment credits are Granger-causing industrial production and that a feedback...

Persistent link: https://www.econbiz.de/10014395925

Market-Oriented Reform of Foreign Trade in Planned Economies

International Monetary Fund - 1990

This paper reviews the main features of market-oriented foreign trade reforms in planned economies. It considers reform initiatives aimed at expanding enterprise autonomy and breaking up the state monopoly of foreign trade, modifying the exchange rate system, and reforming the domestic price...

Persistent link: https://www.econbiz.de/10014396296

Inflation and Stabilization in Transition Economies : A Comparison with Market Economies

Végh Gramont, Carlos A. - 1995

A simple model is developed to understand inflationary pressures and stabilization in nonmarket economies. In light of the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe and the former Soviet Union. These experiences are...

Persistent link: https://www.econbiz.de/10014398765

Financial and Enterprise Restructuring in Emerging Market Economies

Fries, Steven M. - 1994

This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this...

Persistent link: https://www.econbiz.de/10014396324

Budgetary Subsidies in Centrally Planned Economies in Transition

Holzmann, Robert - 1991

This paper analyzes budgetary subsidy policy issues that arise when centrally planned economies move toward a market economy. The analysis suggests that subsidy reduction, to be successful, has to be embedded into an overall economic reform program and that during the program’s execution,...

Persistent link: https://www.econbiz.de/10014396451

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