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 f …

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 …

pension liabilities during the reform''s transition period, a pension privatization reform may transform IPD into explicit …

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 …

Successful privatization must be accompanied by the complete removal of privileges and any public policy mission. Bank … are difficult to remove. Therefore, privatization is a one-time (nonreversible) operation. The German mortgage bank, DePfa …, went through a carefully planned and lengthy privatization process that was successful. Fannie Mae, the U.S. mortgage firm …

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 …