02065cas a2200241 a 4500 AALejournalIMF004399 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847451 1018-5941 BD-DhAAL BD-DhAAL Daianu, Daniel. Inter-Enterprise Arrears in a Post-Command Economy : Thoughts From a Romanian Perspective / Daniel Daianu. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (30 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 The paper considers that strain is the main source of inter-enterprise arrears in post-command economies. Strain can be linked with the structure of the economy and the size of resource misallocation. Inter-enterprise arrears 'soften' markets and operate as a self-protecting device against the pressure for change. As temporary quasi-inside money, arrears fuel inflation. A paradox of policy credibility in undertaking structural adjustment is emphasized. Rising exports can be a possible side effect of arrears and a constraining factor: the size of the economy is seen as affecting the relationship between arrears and exports. An operational framework for containing arrears would Include: 'breaking up' structure; Imposing a disciplining 'straitjacket' on structure; industrial policy ('picking losers among losers') and targeted external assistance. Containing arrears can not be a one shot policy-drive; here one deals with a process that will overlap in time with the evolving environment. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/054 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/054/001.1994.issue-054-en.xml IMF e-Library