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The Romanian Economic Reform Program

The Romanian Economic Reform Program »

Source: The Romanian Economic Reform Program

Volume/Issue: 1991/80

Series: IMF Working Papers

Author(s): Dimitri Demekas , and Mohsin Khan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1991

ISBN: 9781451850246

Keywords: foreign trade, banking, foreign exchange, price liberalization, banking system

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, Roman...

The Romanian Economic Reform Program

The Romanian Economic Reform Program »

Volume/Issue: 1991/80

Series: IMF Working Papers

Author(s): Dimitri Demekas , and Mohsin Khan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1991

DOI: http://dx.doi.org/10.5089/9781451850246.001

ISBN: 9781451850246

Keywords: foreign trade, banking, foreign exchange, price liberalization, banking system

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, Roman...

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...

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...

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...

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...

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...

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...

Foreign Banks and the Vienna Initiative

Foreign Banks and the Vienna Initiative »

Source: Foreign Banks and the Vienna Initiative : Turning Sinners Into Saints?

Volume/Issue: 2012/117

Series: IMF Working Papers

Author(s): Ralph De Haas , Yevgeniya Korniyenko , Alexander Pivovarsky , and Elena Loukoianova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503463

Keywords: Foreign Banks, Vienna Initiative, Financial Crisis, State Support, subsidiaries, banking, bank subsidiaries, capital markets, bank lending

We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the...