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The Economic Reform Process in Russia

The Economic Reform Process in Russia »

Volume/Issue: 1993/55

Series: IMF Working Papers

Author(s): John Odling-Smee , and Henri Lorie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

DOI: http://dx.doi.org/10.5089/9781451847574.001

ISBN: 9781451847574

Keywords: price liberalization, privatization, enterprise reform, balance of payments, enterprise sector

Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad policy approach should be similar. A necessary condition for effective macroeconomic stabilization...

Establishing Incentive Structures and Planning Agencies That Support Market-Oriented Transformations

Establishing Incentive Structures and Planning Agencies That Support Market-Oriented Transformations »

Volume/Issue: 1991/113

Series: IMF Working Papers

Author(s): Peter Isard , and Michael Dooley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1991

DOI: http://dx.doi.org/10.5089/9781451853643.001

ISBN: 9781451853643

Keywords: capital inflows, foreign exchange, capital outflows, capital market, clearinghouse

This note addresses various types of incentives that must be established before a market economy can function effectively. It also argues that the enormous challenge of restructuring large industrial enterprises or...

Currency Convertibility and the Transformation of Centrally Planned Economies

Currency Convertibility and the Transformation of Centrally Planned Economies »

Series: Occasional Papers

Author(s): Joshua Greene , and Peter Isard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

DOI: http://dx.doi.org/10.5089/9781557752147.084

ISBN: 9781557752147

Keywords: Centrally planned economies, current account, exchange rate, current account convertibility, foreign exchange, capital account

This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems....

Financial Sector Reform and Central Banking in Centrally Planned Economies

Financial Sector Reform and Central Banking in Centrally Planned Economies »

Volume/Issue: 1990/120

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1990

DOI: http://dx.doi.org/10.5089/9781451939569.001

ISBN: 9781451939569

Keywords: banking, central bank, banking system, national bank, monetary policy, Economic Reform,

This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hun...

Fiscal Policy During the Demise of Central Planning
			: The Transition to a Market Economy

Fiscal Policy During the Demise of Central Planning : The Transition to a Market Economy »

Volume/Issue: 1990/92

Series: IMF Working Papers

Author(s): Andrew Feltenstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1990

DOI: http://dx.doi.org/10.5089/9781451951417.001

ISBN: 9781451951417

Keywords: price controls, price control, tax rates, tax rate

This paper constructs an intertemporal general equilibrium model designed to examine an economy in transition from central planning to being market oriented. A numerical algorithm is developed to obtain a solution...

Market-Oriented Reform of Foreign Trade in Planned Economies

Market-Oriented Reform of Foreign Trade in Planned Economies »

Volume/Issue: 1990/28

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1990

DOI: http://dx.doi.org/10.5089/9781451981131.001

ISBN: 9781451981131

Keywords: foreign trade, exchange rate, foreign exchange, domestic prices, exchange rate system

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 forei...

Finance & Development, March 1990

Finance & Development, March 1990 »

Volume/Issue: 27/1

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

DOI: http://dx.doi.org/10.5089/9781451953022.022

ISBN: 9781451953022

Keywords: inflation, wage, wage increases, inflationary pressures, wages

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

Externalities. Incentives, and Economic Reforms

Externalities. Incentives, and Economic Reforms »

Volume/Issue: 1990/10

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

DOI: http://dx.doi.org/10.5089/9781451926477.001

ISBN: 9781451926477

Keywords: external resources, tax revenue, budget constraints, public budget, tax system

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple public decision makers is likely to experience “overspending,” “undertaxi...