The Czech Republic: Understanding the Transition Reform

Jan Hanousek, Evžen Kočenda and Lubomir Lizal

Chapter 7 in Understanding Market Reforms, 2006, pp 256-293 from Palgrave Macmillan

Abstract: Abstract The break-up of the command system in the economies of Central Europe and the subsequent disintegration of the former Soviet empire have brought unprecedented changes to nations in Central and Eastern Europe (CEE). In the context of the Czech Republic this led to unprecedent reform, using the pragmatic definition of a movement towards a more market-oriented economy in the context of a politically open society (as defined in Chapter 1 of this volume). While the reform was initially defined as a change in the economic rules of the game, later it also covered the building of new institutions and improvement of the existing ones, such as, for example, methods of resolving bankruptcies or stock market regulatory practices.

Keywords: Czech Republic; Foreign Direct Investment; Corporate Governance; Banking Sector; Insolvency Proceeding (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37361-7_7

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DOI: 10.1057/9780230373617_7

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