The Privatisation of the East German Economy and the Role of the Treuhandanstalt

Claus Köhler

Chapter 9 in The German Currency Union of 1990, 1997, pp 151-173 from Palgrave Macmillan

Abstract: Abstract The task of the Treuhandanstalt was to adjust the former publicly owned enterprises (volkseigene Betriebe) to market structures and to privatise them (‘die früheren volkseigenen Betriebe wettbewerblich zu strukturieren und zu privatisieren’) (Einigungsvertrag, 1990, p. 889, Alt. 25, Abs. I). This regulation confirmed the intention of the former GDR’s Volkskammer (parliament) to reduce the entrepreneurial involvement of the state as quickly and as comprehensively as possible via privatisation, to make the majority of companies competitive and thereby to secure and even create new employment and to provide groundspace for economic usage (Treuhandgesetz, 1990, no. 33, p. 300, introduction). This is one kind of reform a government has to carry out for the transformation from a planned economy to a market economy, i.e. supply side reform.

Keywords: Interest Rate; Central Bank; Private Property; Trade Credit; Rescue Operation (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25368-5_9

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DOI: 10.1007/978-1-349-25368-5_9

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