Poland: Stabilization, Transition, and Reform, 1990–91

Timothy Lane, Rolando Ossowski, Massimo Russo and Leszek Balcerowicz
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Timothy Lane: IMF’s Research Department
Rolando Ossowski: IMF’s Fiscal Affairs Department
Leszek Balcerowicz: Central Bank of Poland

Chapter 3 in Successes of the International Monetary Fund, 2009, pp 43-63 from Palgrave Macmillan

Abstract: Abstract The IMF played a critical role in supporting countries making the transition from central planning to the market economy in the 1990s. The main task was to help these countries restore and maintain macroeconomic and external stability while undergoing a radical reshaping of their economic institutions. The countries’ desire to change stemmed from the clear failure of the Communist system to deliver a satisfactory living standard for their citizens, especially when compared with the market economies of Western Europe. These failures both compounded the difficulties of transition and steeled the determination to face up to them.

Keywords: Exchange Rate; Market Economy; Fiscal Policy; Real Interest Rate; High Inflation (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23949-4_3

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DOI: 10.1057/9780230239494_3

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