This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …

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 …

Although a centerpiece of the reform process in Central and Eastern Europe, large-scale privatization cannot be … the allocative efficiency implications of alternate sequences of privatization in a reforming planned economy with two …

securities, refinance credit, foreign exchange, and state assets in the context of privatization programs. Before making our …

This paper discusses several proposals for a wholesale privatization of public enterprises in Eastern Europe. These … proposals include the distribution of ”vouchers” to private citizens as well as the use of mutual funds, privatization companies …

liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline …? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal …

privatization agency, and by both. In the first two cases—one-sided restructuring—a first best can be achieved. In the case of both …