Macroeconomic policies and the development of markets in transition economies
Author(s)
Bibliographic Information
Macroeconomic policies and the development of markets in transition economies
Central European University Press, c1998
- : cloth
- : pbk
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Note
Includes bibliographical references (p. [153]-160) and index
Description and Table of Contents
- Volume
-
: cloth ISBN 9789639116054
Description
In transition countries, the author evaluates macroeconomic policies in relation to their impact on the development of markets.
Table of Contents
Introduction.
Chapter 1: Stabilization, liberalization and macroeconomic performance
Chapter 2: Monetary policy and financial markets in transition economies
Chapter 3: Macroeconomic constraints and feedback
Chapter 4: Income distribution and the dynamics of reform
- Volume
-
: pbk ISBN 9789639116085
Description
Presenting an integrated view of transition based on a unified analytical framework, this text evaluates the experience of several transition economies. The author's view of transition emphasizes the connection between peculiar initial conditions and the effects of market reforms. Taking the starting point of underdeveloped markets and market institutions, he evaluates macroeconomic policies in relation to their impact on the development of markets. He stresses particularly financial markets, the "missing" market under the system of central planning and highlights fundamental trade-offs for economic policy, which can play a crucial role in determining the success of reforms. Intensity and timing of reform measures, he argues, should be adapted to different situations.
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