01776cas a2200253 a 4500 AALejournalIMF001614 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852141 1018-5941 BD-DhAAL BD-DhAAL Feltenstein, Andrew. 'Big Bang' Versus Gradualism in Economic Reforms : An Intertemporal Analysis with an Application to China / Andrew Feltenstein, Saleh Nsouli. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate different policy simulations to illustrate some of the key issues in the debate on the speed and sequencing of reforms, and not to provide a basis for policy recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing. The paper also underscores the limitations involved in attempting to derive conclusions from the model, given the complexity of the issues. Mode of access: Internet Nsouli, Saleh. IMF Working Papers; Working Paper ; No. 2001/098 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/098/001.2001.issue-098-en.xml IMF e-Library