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Poland: Stabilization, Transition, and Reform, 1990–91

In: Successes of the International Monetary Fund

Author

Listed:
  • Timothy Lane

    (IMF’s Research Department)

  • Rolando Ossowski

    (IMF’s Fiscal Affairs Department)

  • Massimo Russo
  • Leszek Balcerowicz

    (Central Bank of Poland)

Abstract

The IMF played a critical role in supporting countries making the transition from central planning to the market economy in the 1990s. The main task was to help these countries restore and maintain macroeconomic and external stability while undergoing a radical reshaping of their economic institutions. The countries’ desire to change stemmed from the clear failure of the Communist system to deliver a satisfactory living standard for their citizens, especially when compared with the market economies of Western Europe. These failures both compounded the difficulties of transition and steeled the determination to face up to them.

Suggested Citation

  • Timothy Lane & Rolando Ossowski & Massimo Russo & Leszek Balcerowicz, 2009. "Poland: Stabilization, Transition, and Reform, 1990–91," Palgrave Macmillan Books, in: Eduard Brau & Ian McDonald (ed.), Successes of the International Monetary Fund, chapter 3, pages 43-63, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23949-4_3
    DOI: 10.1057/9780230239494_3
    as

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