Macroeconomic Stabilization in Transition Economies

This book explores the policies used in post-socialist countries of Eastern Europe and the former Soviet Union to stop the fall in output that followed Communism's collapse.

Preface; Introduction: Stabilization after five years of reform: Issues and experiences Mario I. Blejer and Marko Skreb; Part I. General Studies: 1. From plan to market: patterns on transition Martha de Melo, Cedevet Denizer and Alan Gelb; 2. The great contractions in transition economies Robert A. Mundell; 3. Enterprise credit and stabilization in transition economies: experience with enterprise isolation Marcelo Selowsky and Matthew Vogel; 4. Employeeism: corporate governance and employee share ownership in transitional economies D. Mario Nuti; Part II. Country Studies: 5. Inflation and stabilization in Poland, 1990-5 Stanislaw Wellich; 6. The political economy of the Hungarian stabilization and austerity program János Kornai; 7. Preparation and implementation of a credible stabilization program in the Republic of Croatia Nikica Valentic; 8. Exchange rate and prices in a stabilization program: the case of Croatia Velimir Sonje and Marko Skreb; 9. Stabilization in Slovenia: from high inflation to excessive inflow of foreign capital Velimir Bole; 10. Macroeconomic stabilization in the Baltic States Ardo H. Hansson; 11. Economic reform in Ukraine Oleh Havrylyshyn; Part III. Afterword: 12. Economic transformation and the policies for long-term growth Vito Tanzi.; Index.