Stabilization and Structural Reform in the Czech and Slovak Federal Republic: First Stage

Bijan Aghevli, Eduardo Borensztein and Tessa Van der Willigen

No 1992/006, IMF Occasional Papers from International Monetary Fund

Abstract: On January 1, 1991, the Czech and Slovak Federal Republic launched a comprehensive reform program designed to establish a market economy. This paper charts the progress of the reform program in the context of Czechoslovakia's prewar history as a major industrial power, its subsequent slow economic decline under Communism, and its recent integration into the world economy following the collapse of the Council for Mutual Economic Assistance.

Keywords: OP; state; government; price; Czechoslovak authorities; enterprise; General government; virtual absence; hands of the state; prewar history; price liberalization; Inflation; Exchange rates; Privatization; Exports; Central and Eastern Europe; Middle East; Eastern Europe; Western Europe; price jump; Imports (search for similar items in EconPapers)
Pages: 52
Date: 1992-03-15
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