EAN: 9783428091072

TRANSITION IN EASTERN EUROPE CURRENT ISSUES AND...

This publication contains a selection of papers presented at a conference discussing
fundamental issues in the economics of transition  aspects of liberalization privatization
stabilization and the experience of selected countries. The sessions lead to a number of
hypotheses: - There is a need to analyze historical and economic aspects of phases of relative
success of the socialist system of central planning - Next to the important role of
distribution of personal incomes and wealth for the success of the transformation process  the
question of optimal change of personal income and wealth distribution during the process of
transformation has to be raised. - In assessing the costs and benefits of reform policies  any
methodological approach should take into account an intertemporal perspective - How much does
the EU continue protectionism against countries which will not become its members in the near
future? - The role of the institutional environment shall not be neglected when analyzing the
process of transition: financial markets e. g. are of great relevance for sound development. -
An early status of independence for the central bank from public finance obligations appears to
help to eliminate the monetary overhang. - A quick  almost instant liberalization strategy
(countries of Central and Eastern Europe) seems to be more successful than gradual
liberalization (Russia  Ukraine  Belarus) along with interventionism of trade policy.

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