Publications

This paper compares the budgetary position of the Wyshegrad Group (Hungary, Poland, Czech and Slovak Republics) with the state of public finances in the countries of the European Community. It finds t...chevron_right

This paper focuses on the necessary fiscal policy adjustments in those Central European countries, which are bound to join the European Union. According to the author, fiscal policy reform is the most...chevron_right

This paper describes the separate stages of the economic transformation in post-communist economies and argues that fiscal policy reflects the problems that arise in other areas of systemic changes: W...chevron_right

This paper describes ways in which the Central European countries can accelerate their convergence with the EU by emulating the growth strategies of the very fast growing economies. These fiscal polic...chevron_right

This paper reviews the legal, socio-economic, and statistical aspects of liquidation of Polish private economic units in the early 1990s. Transition to the market economy (including the possibility of...chevron_right

This paper analyzes the direct income from privatization in Central European countries and its effects on fiscal balance. It finds that privatization cannot significantly decrease the budget deficit; ...chevron_right

This article reviews the economic liberalization and the development of the banking sector in Ukraine. By 1994, the country had a banking system functioning along rudimentary market norms and a nation...chevron_right

This paper analyzes developments in general government expenditures and revenues for 26 reforming ex-socialist economies over the period 1989-1994. Based on the analysis of these spending patterns and...chevron_right

This paper describes the economic transition in Hungary - a rather gradual process since the late 1960s. The authors pay particular attention to the transformation of the ownership structure and the d...chevron_right

This paper studies the process of privatization (and in particular management-employee buyouts) in Hungary and Poland. Accordingly, it presents the institutional framework, the labor market, and other...chevron_right

This paper investigates the causes of the transition depressions in Central and Eastern Europe and finds that the shortage of aggregate demand does not provide sufficient explanation for the decline. ...chevron_right

This paper recounts and analyzes privatization in Ukraine from 1990 to 1995 in light of the lessons learned by East European countries and Russia. The author argues that the success of privatization i...chevron_right

This paper presents the financial restructuring program of enterprises and banks in Poland and its implementation in the case of Powszechny Bank Gospodarczy SA (PBG SA). It pays particular attention t...chevron_right

This paper summarizes and analyzes the causes of the monetary disintegration of the Former Soviet Union, the stages of this disintegration, and the macroeconomic consequences of this process. Then, it...chevron_right

The authors of this paper first measure the size of the shocks affecting the fast reformers of the Visegrad group (and some of the slower reforming reference countries, such as Bulgaria, Romania, Russ...chevron_right