IMF Staff papers Volume 39 No. 4

Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collapse and the financial and structural problems associated with bad loan portfolios and sl...

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Bibliographic Details
Corporate Author: International Monetary Fund Research Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1992
Series:IMF Staff Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Economic policy 
653 |a Comparison of Public and Private Enterprises and Nonprofit Institutions 
653 |a Inflation 
653 |a Wealth 
653 |a Economics 
653 |a Exchange rate arrangements 
653 |a Balance of trade 
653 |a Terms of trade 
653 |a Privatization 
653 |a Finance 
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653 |a Saving 
653 |a Deflation 
653 |a Trade balance 
653 |a Currency 
653 |a Exports and Imports 
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653 |a National accounts 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a International trade 
653 |a Conventional peg 
653 |a Consumption 
653 |a Contracting Out 
653 |a Prices 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a Empirical Studies of Trade 
653 |a Money and Monetary Policy 
653 |a Foreign exchange 
653 |a Nternational cooperation 
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520 |a Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collapse and the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success has been achieved in the initial microstabilization and opening-up effort. But difficulties with fiscal and monetary control may be emerging as a result of social and political pressures and unclear policy signals on the micro issues involving the structural transformation of the productive and financial systems