Proposals for Privatization in Eastern Europe

ByEduardo Borensztein

April 1, 1991

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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 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.

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

Keywords: control problem, Eastern Europe, enterprise management, joint stock, Mutual funds, Nonbank financial institutions, Privatization, privatization company, privatized enterprise, Public enterprises, Stocks, supervision system, WP

Pages:
28
Volume:
1991
DOI:
https://doi.org/10.5089/9781451977905.001
Issue:
036
Series:
Working Paper No. 1991/036
Stock No:
WPIEA0361991
ISBN:
9781451977905
ISSN:
1018-5941

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Notes

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

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