Interenterprise Arrears in Transforming Economies: The Case of Romania

Eric Clifton and Mohsin Khan

IMF Staff Papers, 1993, vol. 40, issue 3, 680-696

Abstract: This paper reviews Romania's experience with interenterprise arrears during 1991 with the purpose of extracting lessons that might prove useful for other economies in transition to market-based systems. The rapid growth of interenterprise arrears poses a serious policy problem in many of the transforming economies of Eastern Europe, as well as in the republics of the former Soviet Union. Among the more striking cases is that of Romania, where gross interenterprise arrears grew almost 18-fold (to about 50 percent of GDP) in only one year. This paper discusses the development of these arrears and the policies implemented by the authorities to try to resolve the problem.

JEL-codes: E51 E65 (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://www.jstor.org/stable/3867453?origin=pubexport main text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Inter-Enterprise Arrears in Transforming Economies: The Case of Romania (1992)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:40:y:1993:i:3:p:680-696

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().