Stabilization and Structural Reform in the Czech and Slovak Federal Republic: First Stage

ByBijan B. Aghevli, Eduardo Borensztein, Tessa Van der Willigen

March 15, 1992

Summary

On January 1, 1991, the Czech and Slovak Federal Republic launched a comprehensive reform program designed to establish a market economy. This paper charts the progress of the reform program in the context of Czechoslovakia's prewar history as a major industrial power, its subsequent slow economic decline under Communism, and its recent integration into the world economy following the collapse of the Council for Mutual Economic Assistance.

Subject: Banking, Economic sectors, Exchange rates, Exports, Foreign exchange, Imports, Inflation, International trade, Prices, Privatization

Keywords: Central and Eastern Europe, Czechoslovak authorities, Eastern Europe, enterprise, Exchange rates, Exports, General government, government, hands of the state, Imports, Inflation, Middle East, OP, prewar history, price, price jump, price liberalization, Privatization, state, virtual absence, Western Europe

Pages:
52
Volume:
1992
DOI:
https://doi.org/10.5089/9781557752260.084
Issue:
006
Series:
Occasional Paper No. 1992/006
Stock No:
S092EA0000000
ISBN:
9781557752260
ISSN:
0251-6365

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