Fiscal Reform Over Ten Years of Transition

Author/Editor:

George C. Tsibouris ; Vito Tanzi

Publication Date:

June 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms visualized by the shock therapy approach—are necessary but not sufficient conditions for a complete transition to a market economy. Further deep changes—such as the creation of new fiscal institutions, changes in incentives and processes, and changes in the role of government—are needed.

Series:

Working Paper No. 00/113

Subject:

English

Publication Date:

June 1, 2000

ISBN/ISSN:

9781451853698/1018-5941

Stock No:

WPIEA1132000

Format:

Paper

Pages:

31

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