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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
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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
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A Model of Sovereign Debt in Democracies
Alichi, Ali - 2008
sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …
Persistent link: https://www.econbiz.de/10014401388
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Confidence as a driver of private investment in selected countries of Central America
Janada, Carlos Alfredo; Teodoru, Iulia Ruxandra - 2020
This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence … relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in …, including a set of investment drivers (interest rates, unit labor costs, and confidence) is analyzed. The findings suggest that …
Persistent link: https://www.econbiz.de/10012485965
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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 on economic structure and their implications for macroeconomic management and stability. It identifies some of the special conditions before and during the reform process that...
Persistent link: https://www.econbiz.de/10014397706
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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
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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
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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
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Food prices and political instability
Arezki, Rabah; Brückner, Markus - 2011
Persistent link: https://www.econbiz.de/10009486216
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Now or later? : the political economy of public investment in democracies
Gupta, Sanjeev; Liu, Estelle; Mulas Granados, Carlos - 2015
This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, we find that the rate of growth of public investment is higher at the beginning of electoral cycles and...
Persistent link: https://www.econbiz.de/10011373913