Money and Finance in the Transition to a Market Economy
István Ábel, Pierre L. Siklos, István P. Székely
Edward Elgar, Jan 1, 1998 - Business & Economics - 211 pages
The process of transition from a centrally-planned economy to one driven by market forces has been a cause of debate. This book focuses on the key questions and problems facing the monetary and financial sectors of such transitional economies. Other topics addressed include liquidity and lending.
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Constraints on Enterprise Liquidity and Their Impact
List of Figures
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Abel and Szekely bad debt balance sheets Bank of Hungary banking system bankruptcy bankruptcy proceedings billion bonds budget deficit Bulgaria capital markets CEE countries central bank independence central planning changes chapter commercial banks competitive costs credit crunch creditors Czech National Bank Czech Republic Czechoslovakia deposits domestic credit Eastern Europe economic transformation effect enterprises equity exchange rate existing Figure financial assets financial sector financial system firm's firms fiscal funds growth households Hungarian banking sector Hungary and Poland Hungary's impact important increase industrial restructuring industrialized countries inflation inflationary International investment legislation lending liquidation loan consolidation long-term macroeconomic market economies monetary policy National Bank newly nominal interest rates output percent percentage Poland profit programme ratio real interest rates reforms relatively reorganization Report various issues result role savings scheme Siklos and Abel SOEs stability state-owned Szekely Table three countries trade credit transitional economies variables