Ten Years of Transformation : Macroeconomic Lessons

After surveying the facts and distilling the voluminous literature on the transition to market economies, the author arrives at several conclusions: with hindsight, the old debate - Big Bang versus gradualism - was really a problem of feasibility,...

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Bibliographic Details
Main Author:	Wyplosz, Charles
Format:	Working Paper
Language:	English Spanish / Castilian
Published:	World Bank, Washington, DC 2015
Subjects:	AVERAGE INFLATION BANK LENDING BANK LOANS BANK SUPERVISION BANKING CRISES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BASE YEAR BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS CAPITAL ACCOUNT CAPITAL INFLOWS CAPITAL MOBILITY CENTRAL BANK CENTRAL BANKS CENTRAL PLANNING CONSUMERS COUNTER-CYCLICAL POLICIES CURRENCY BOARD CURRENCY BOARDS CURRENT ACCOUNT DEBT DEVALUATION DEVELOPMENT ECONOMICS DISINFLATION ECONOMIC WELFARE ECONOMISTS EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICIES FISCAL POLICY FIXED EXCHANGE RATE FIXED EXCHANGE RATES FORECASTS FOREIGN CAPITAL FOREIGN EXCHANGE GDP GROWTH RATES HARD BUDGET CONSTRAINTS HIGH INFLATION HIGH RATES HUMAN CAPITAL INCOME INCOME LEVELS INDEXATION INEFFICIENCY INFLATION INFLATION RATE INFLATION RATES INFLATION STABILIZATION INTEREST RATES INTERNATIONAL TRADE LAWS LEGISLATION LENDER OF LAST RESORT MACROECONOMIC CONDITIONS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILIZATION MACROECONOMICS MARKET ECONOMIES MONETARY AUTHORITY MONETARY FINANCING MONETARY POLICY MONETARY TARGETING MONETARY UNION MONEY CREATION MONEY SUPPLY MORAL HAZARD OUTPUT VOLATILITY OVERVALUATION POLICY RESEARCH POLITICAL SUPPORT PRICE ADJUSTMENT PRICE CHANGES PRICE INCREASES PRICE SUBSIDIES PRIVATE BANKS PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEFICITS PUBLIC SECTOR PUBLIC SPENDING PURCHASING POWER REAL APPRECIATION REAL EXCHANGE REAL EXCHANGE RATE REAL GDP REAL INTEREST REAL INTEREST RATES REAL TERMS REAL WAGE REAL WAGES RECAPITALIZATION RELATIVE PRICE RETAINED EARNINGS SAVINGS SECURITIES SLOW GROWTH SOFT BUDGET CONSTRAINTS STABILIZATION PROGRAM STRUCTURAL REFORMS SUPPLY CURVE TAX COLLECTION TAX REFORM TAX REVENUES TRANSITION ECONOMIES TREASURY BILLS UNDERVALUATION UNEMPLOYMENT UNEMPLOYMENT RATES WAGES WELFARE SYSTEM
Online Access:	http://documents.worldbank.org/curated/en/2000/02/438332/ten-years-transformation-macroeconomic-lessons http://hdl.handle.net/10986/22337

Internet

http://documents.worldbank.org/curated/en/2000/02/438332/ten-years-transformation-macroeconomic-lessons
http://hdl.handle.net/10986/22337

Ten Years of Transformation : Macroeconomic Lessons

Internet

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