Stabilization and Structural Reform in the Czech and Slovak Federal Republic: First Stage
( Occasional Papers )
Publication series ： Occasional Papers
Author： Bijan B. Aghevli Mr. Eduardo Borensztein Ms. Tessa Van der Willigen
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1992
E-ISBN: 9781452796420
P-ISBN(Paperback): 9781557752260
Subject： F0 Economics;F8 Finances
Language： ENG
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Description
On January 1, 1991, the Czech and Slovak Federal Republic launched a comprehensive reform program designed to establish a market economy. This paper charts the progress of the reform program in the context of Czechoslovakia's prewar history as a major industrial power, its subsequent slow economic decline under Communism, and its recent integration into the world economy following the collapse of the Council for Mutual Economic Assistance.