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Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine
Pouvelle, Cyril - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10014396587
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Too Much of a Good Thing? Credit Booms in Transition Economies : The Cases of Bulgaria, Romania, and Ukraine
Duenwald, Christoph - 2005
Rapid credit growth in Bulgaria, Romania, and Ukraine has been driven by successful macroeconomic stabilization, robust … been excessive, as evidenced by widening current account deficits in Bulgaria and Romania, and prudential concerns in …
Persistent link: https://www.econbiz.de/10014400734
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The Role of Medium-Term Fiscal Frameworks for Transition Countries : The Case of Bulgaria
Horváth, Balázs - 2001
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to … macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a …
Persistent link: https://www.econbiz.de/10014403619
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Banking Crises and Bank Resolution : Experiences in Some Transition Economies
International Monetary Fund - 2002
Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be …
Persistent link: https://www.econbiz.de/10014403652
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Stabilization and Reform in Eastern Europe : A Preliminary Evaluation
Bruno, Michael - 1992
, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as …
Persistent link: https://www.econbiz.de/10014398265
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The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe
International Monetary Fund - 1994
The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...
Persistent link: https://www.econbiz.de/10014398716
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The Output Decline in the Aftermath of Reform : The Cases of Bulgaria, Czechoslovakia, and Romania
Ostry, Jonathan David - 1992
This paper analyzes the declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic …
Persistent link: https://www.econbiz.de/10014396364
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Australia's linkages with China : prospects and ramifications of China's economic transition
Karam, Philippe; Muir, Dirk - 2018
China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition to a services-driven, consumer-led economy....
Persistent link: https://www.econbiz.de/10011866353
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Big Bang Versus Gradualism in Economic Reforms : An Intertemporal Analysis with An Application to China
Feltenstein, Andrew - 2001
This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate different policy simulations to illustrate some of the key issues in the debate on the...
Persistent link: https://www.econbiz.de/10014401153
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The Transition Economies After Ten Years
Fischer, Stanley - 2000
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915