The Czech economic crisis: Policy revenge?

Antonin Rusek

International Advances in Economic Research, 1999, vol. 5, issue 2, 178-188

Abstract: The current Czech economic crisis is defined and its causes are analyzed. The role of policies followed after the collapse of communism—especially the privatization strategy, macroeconomic stabilization (based on a balanced budget and a stable exchange rate regime), and the microsphere liberalization in the absence of a functioning legal environment—will be assessed in view of current economic difficulties. These policies are identified as the primary cause of these difficulties. The need for policy changes and the nature of such changes are elucidated. Copyright International Atlantic Economic Society 1999

Date: 1999
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DOI: 10.1007/BF02295073

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