01702cas a2200253 a 4500 AALejournalIMF007683 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844900 1018-5941 BD-DhAAL BD-DhAAL Fischer, Stanley. The Transition Economies After Ten Years / Stanley Fischer, Ratna Sahay. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (44 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 summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contribute to growth. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth. Mode of access: Internet Sahay, Ratna. IMF Working Papers; Working Paper ; No. 2000/030 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/030/001.2000.issue-030-en.xml IMF e-Library