While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successfull transitions, the latter largely in former Soviet Union, raises many...

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,...

A decade of transition in a variety of settings: a comparison of country experiences / Mario I. Blejer and Marko ¿ kreb -- Ten years of transition in central Europe and the former Soviet Union: the good news and the not-so-good news / Johannes F. Linn -- Postcommunist transition and...