{
  "title": "The Changing Mix of Disequilibria During Transition: A Romanian Background",
  "publication": "IMF Working Papers, June 1, 1994",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/the-changing-mix-of-disequilibria-during-transition-a-romanian-background-739",
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  "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.",
  "sections": [
    {
      "heading": "Summary / Scope",
      "content": "- This paper looks at the dynamics of (dis)equilibria during post-command transition.\n- It tries to define an optimal mix between external and internal disequilibrium and to apply this concept to the analysis of the Romanian economy.\n- The forced adjustment of the balance of payments in the 1980s is presented as a prologue to the scrutiny of transformation policy underway.\n- Results and dilemmas of macro-stabilization are dealt with in this respect.\n- The paper ends by providing some insights into the problematique of understanding (dis)equilibria in transforming economies."
    },
    {
      "heading": "Major Themes and Analysis",
      "content": "- Dynamics of (dis)equilibria during post-command transition.\n- Conceptual definition of an optimal mix between external and internal disequilibrium.\n- Application of the optimal-mix concept to Romania’s economic transformation.\n- Historical context: the forced adjustment of the balance of payments in the 1980s as background to transition policy analysis.\n- Examination of results and dilemmas of macro-stabilization measures during the transition.\n- Insights into the broader problematique of understanding (dis)equilibria in transforming economies."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subjects: Consumption, Exchange rates, Exports, External debt, Foreign exchange, Imports, International trade, National accounts\n- Keywords: Central and Eastern Europe, Consumption, Eastern Europe, economic system, economy, enterprise, exchange rate, Exchange rates, Exports, full employment, Global, government, hard currency, Imports, market economy, WP\n\n---\n\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/the-changing-mix-of-disequilibria-during-transition-a-romanian-background-739"
    }
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    "Authors: Daniel Daianu",
    "Published: June 1, 1994",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451849394.001",
    "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.",
    "Dynamics of (dis)equilibria during post-command transition.",
    "Conceptual definition of an optimal mix between external and internal disequilibrium.",
    "Application of the optimal-mix concept to Romania’s economic transformation.",
    "Historical context: the forced adjustment of the balance of payments in the 1980s as background to transition policy analysis.",
    "Examination of results and dilemmas of macro-stabilization measures during the transition.",
    "Insights into the broader problematique of understanding (dis)equilibria in transforming economies.",
    "Subjects: Consumption, Exchange rates, Exports, External debt, Foreign exchange, Imports, International trade, National accounts",
    "Keywords: Central and Eastern Europe, Consumption, Eastern Europe, economic system, economy, enterprise, exchange rate, Exchange rates, Exports, full employment, Global, government, hard currency, Imports, market economy, WP"
  ],
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