The Changing Mix of Disequilibria During Transition: A Romanian Background
Summary:
This paper looks at the dynamics of (dis)equilibria during post-command transition. It tries to define an optimal mix between external and internal disequilibrium and to apply this concept to the analysis of the Romanian economy. The forced adjustment of the balance of payments in the 1980s is presented as a prologue to the scrutiny of transformation policy underway; results and dilemmas of macro-stabilization are dealt with in this respect. The paper ends by providing some insights into the problematique of understanding (dis)equilibria in transforming economies.
Series:
Working Paper No. 1994/073
Subject:
Consumption Exchange rates Exports External debt Foreign exchange Imports International trade National accounts
English
Publication Date:
June 1, 1994
ISBN/ISSN:
9781451849394/1018-5941
Stock No:
WPIEA0731994
Pages:
38
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