Privatization in Central and Eastern Europe: Perspectives and Approaches

By Demetrius S. Iatridis; June Gary Hopps | Go to book overview
11. A modern banking system with an independent central bank should be instituted rapidly.
12. New capital (domestic and foreign) should be obtained to create new jobs and to change the structure of the economy.

Macroeconomic stability and political stability are necessary conditions for such a program of transition to be successful.


REFERENCES

Babić M. ( 1991, June). "The Problems of Transition from a Socialist to a Market Economy in Yugoslavia". Rivista di Politica Economica, 331-344.

Babić M. ( 1993). "Problems of Transition in the War-Torn Economy of Croatia". In K.-H. Jung, D. Kim, and K.-Y. Jeong, eds., East Asia and East-Central Europe: Market-Oriented Reforms and Transformation (pp. 221-234). Seoul, Korea: Yonsei University Press.

Baldassari M., and R. Mundell. ( 1993). Building the New Europe. New York: Macmillan.

Kornai J. ( 1990). The Road to a Free Economy. New York: W. W. Norton.

McCracken P. W. ( 1990). Thoughts on Marketizing State-Managed Economies. Indianapolis: Hudson Institute.

McKinnon R. I. ( 1991). The Order of Economic Liberalization. Baltimore: John Hopkins University Press.

Primorac E., and M. Babić. ( 1989). "Systematic Changes and Unemployment Growth in Yugoslavia 1965-1984". Slavic Review, 48, 195-213.

Schumpeter J. A. ( 1961). Theory of Economic Development. Oxford, England: Oxford University Press.

Schumpeter J. A. ( 1976). Capitalism, Socialism and Democracy. London: George Allen & Unwin.

Vernon R. ( 1988). The Promise of Privatization. Washington, DC: Council on Foreign Relations.

von F. A. Hayek ( 1945). "The Use of Knowledge in Society". American Economic Review, 35, 519-530.

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