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The Romanian Economic Reform Program

Author

Listed:
  • Mr. Dimitri G Demekas
  • Mr. Mohsin S. Khan

Abstract

With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.

Suggested Citation

  • Mr. Dimitri G Demekas & Mr. Mohsin S. Khan, 1991. "The Romanian Economic Reform Program," IMF Working Papers 1991/080, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/080
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    Cited by:

    1. Paternostro, Stefano & Sahn, David E., 1999. "Wage determination and gender discrimination in a transition economy : the case of Romania," Policy Research Working Paper Series 2113, The World Bank.
    2. Michael Bruno, 1994. "Stabilization and Reform in Eastern Europe: A Preliminary Evaluation," NBER Chapters, in: The Transition in Eastern Europe, Volume 1, Country Studies, pages 19-50, National Bureau of Economic Research, Inc.
    3. Sahay, Ratna & Vegh, Carlos, 1995. "Dollarization in transition economies: Evidence and policy implications," MPRA Paper 20490, University Library of Munich, Germany.
    4. Alain de Crombrugghe & David Lipton, 1993. "The Government Budget and the Economic Transformation of Poland," WIDER Working Paper Series wp-1993-111, World Institute for Development Economic Research (UNU-WIDER).
    5. Feltenstein, Andrew & Jiming Ha, 1993. "An analysis of repressed inflation in three transitional economies," Policy Research Working Paper Series 1132, The World Bank.
    6. Juha Honkkila, 1997. "Privatization, Asset Distribution and Equity in Transitional Economies," WIDER Working Paper Series wp-1997-125, World Institute for Development Economic Research (UNU-WIDER).
    7. Daniel Daianu, 1996. "Stabilization and exchange rate policy in Romania," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 229-248, May.
    8. K. H. McIntyre, 2016. "Enterprise Efficiency in Romania Redux," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 19(61), pages 71-94, September.
    9. Christos Papazoglou, 1999. "Exchange Rate Policy and Output Growth: The Experience of the Transition Economies of Central and Eastern Europe," Post-Communist Economies, Taylor & Francis Journals, vol. 11(3), pages 319-336.
    10. Robert Buckley & Ashna Mathema, 2018. "Housing privatization in Romania : An Anti†commons tragedy?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(1), pages 127-145, January.
    11. Daniela Veronica Gabor, 2012. "The Road to Financialization in Central and Eastern Europe: The Early Policies and Politics of Stabilizing Transition," Review of Political Economy, Taylor & Francis Journals, vol. 24(2), pages 227-249, April.
    12. Glismann, Hans H. & Schrader, Klaus, 1993. "Privatisierung staatlichen Eigentums in den mittel- und osteuropäischen Ländern: Eine kritische Analyse," Kiel Working Papers 573, Kiel Institute for the World Economy (IfW Kiel).
    13. Mr. Carlos A. Végh Gramont & Ms. Ratna Sahay & Mr. Guillermo Calvo, 1995. "Capital Flows in Central and Eastern Europe: Evidence and Policy Options," IMF Working Papers 1995/057, International Monetary Fund.

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