Format:
Online-Ressource (44 p)
Edition:
Online-Ausg.
ISBN:
1451841671
,
9781451841671
Series Statement:
IMF Working Papers Working Paper No. 92/2
Content:
This paper analyzes the Czechoslovak reform program which was launched on January 1, 1991. Under this program, Czechoslovakia has taken decisive steps to establish a market economy, while achieving price stability and a viable external position through restrictive financial policies. But there has been a sharp decline in output. The eventual output recovery is predicated on completing structural market reforms, such as the development of financial markets and the safeguard of their stability, privatization of large enterprises, minimizing government interference with economic signals, and the imposition of the “hard” budget constraint
Additional Edition:
Erscheint auch als Druck-Ausgabe Aghevli, Bijan Stabilization and Structural Reform in Czechoslovakia: An Assessment of the First Stage Washington, D.C. : International Monetary Fund, 1992 ISBN 9781451841671
Language:
English
DOI:
10.5089/9781451841671.001
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