Stabilization Policies in Bulgaria and Yugoslavia During Communism's Terminal Years: 1980s Economic Visions in Retrospect

Roumen Avramov () and Dragana Gnjatovic ()
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Roumen Avramov: Centre for Liberal Strategies, Sofia
Dragana Gnjatovic: Megatrend University, Belgrade

No 81, Working Papers from Bank of Greece

Abstract: We adopt a comparative view of the stabilization policies designed and implemented in Bulgaria and Yugoslavia during the fatal economic crises of their regimes in late 1980s. The role of the IMF can be better highlighted by comparing “with (Yugoslavia)-without (Bulgaria)” scenarios in a communist context. The authorities' views are discussed and newly accessible archival evidence is presented in the case of Bulgaria. The ruling elites’ vision is confronted by that of critical professionals thus permitting a retrospective assessment of the conceptual readiness of the society for the forthcoming transition to a market economy in the early 1990s.

Keywords: macroeconomic stabilization; inflation; communist economy; Bulgaria; Yugoslavia. (search for similar items in EconPapers)
JEL-codes: E63 N10 P24 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2008-07
New Economics Papers: this item is included in nep-his, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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