Proposals for Privatization in Eastern Europe

Eduardo Borensztein

No 1991/036, IMF Working Papers from International Monetary Fund

Abstract: This paper discusses several proposals for a wholesale privatization of public enterprises in Eastern Europe. These proposals include the distribution of ”vouchers” to private citizens as well as the use of mutual funds, privatization companies and other forms of financial intermediaries. The paper analyzes the implications for economic efficiency of the different forms of ownership and control that would emerge from the proposals as well as their main macroeconomic consequences.

Keywords: WP; privatized enterprise; enterprise management; supervision system; privatization company; control problem; joint stock; Privatization; Nonbank financial institutions; Public enterprises; Mutual funds; Stocks; Eastern Europe (search for similar items in EconPapers)
Pages: 28
Date: 1991-04-01
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Citations: View citations in EconPapers (12)

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