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World Economic Outlook, April 2019

Growth Slowdown, Precarious Recovery

The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.

World Economic Outlook, April 2019

Growth Slowdown, Precarious Recovery

The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.

The Romanian Economic Reform Program

The Romanian Economic Reform Program »

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

DOI: http://dx.doi.org/10.5089/9781557751904.084

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objective...

I Introduction

I Introduction »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

In December 1989, with the fall of Nicolae Ceausescu, Romania reached a turning point in its history. The provisional Government that took over announced immediately a sharp and permanent break with the past...

II The Economic System Before the Beginning of Reform

II The Economic System Before the Beginning of Reform »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

To clarify what the reform program is trying to achieve and the obstacles it faces, this section describes the main aspects of the centrally planned system in Romania and its development in the 1970s and 198...

III Mapping the Transition: Design of the Reform Program

III Mapping the Transition: Design of the Reform Program »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

Against a background of economic, institutional, and social crisis in Romania, a coherent reform strategy gradually emerged. This section examines the overall design of the reform program, and, in particular...

IV Principal Objectives of the Romanian Reform Program

IV Principal Objectives of the Romanian Reform Program »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

The main objectives of the Romanian reform program fall into three broad categories: introducing market forces into the economy, notably by liberalizing prices, trade and the exchange system, and interest ra...

V Conclusions

V Conclusions »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

The Romanian reform program is designed to bring the country out of a strict centrally planned economic system into a world where individual choice and markets play the central role. In just over a year, con...

Back Matter

Back Matter »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objective...

Front Matter

Front Matter »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objective...