The paper examines Hungary''s experience with banking and bankruptcy reform in the period 1992-94. The first part of the paper uses enterprise-level data to show that in 1992, the same year in which the amount of classified loans in the state-owned commercial banks grew enormously, the...

We use evidence from a survey of approximately 200 Polish state-owned, privatized, and de novo private manufacturing firms to investigate the nature and scope of enterprises-level provision of social benefits, and in particular how enterprise-level social provision is changing with transition,...

This paper reports the main findings from a survey of some 200 Polish firms carried out at the end of 1993. The central focus is on the relationship between different emerging forms of ownership and the extent and nature of enterprise level adjustments taking place. Four broad categories of...