, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as … privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening …

, Czechoslovakia has taken decisive steps to establish a market economy, while achieving price stability and a viable external position … stability, privatization of large enterprises, minimizing government interference with economic signals, and the imposition of …

Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run … impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public …’ options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed …

This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies … is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector …