Proposals for Privatization in Eastern Europe

Author/Editor:

Eduardo Borensztein

Publication Date:

April 1, 1991

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 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.

Series:

Working Paper No. 1991/036

Subject:

Economic sectors Financial institutions Mutual funds Nonbank financial institutions Privatization Public enterprises Stocks

Notes:

Also published in Staff Papers, Vol. 38, No. 2, June 1991.

English

Publication Date:

April 1, 1991

ISBN/ISSN:

9781451977905/1018-5941

Stock No:

WPIEA0361991

Pages:

28

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