The Romanian Economic Reform Program

Dimitri Demekas and Mohsin Khan

No 1991/080, IMF Working Papers from International Monetary Fund

Abstract: With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.

Keywords: WP; economic system; reform program; market economy; consumer goods; private ownership; provisional government; State monopoly; Tariffs; Commercial banks; Exports; Privatization; Eastern Europe; Middle East (search for similar items in EconPapers)
Pages: 56
Date: 1991-08-01
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