01823cas a2200241 a 4500 AALejournalIMF007777 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451981568 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Macroeconomic Adjustment and Reform in Planned Economies. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (20 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 examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually eliminating or at least reducing both internal and external imbalances. Market-oriented reform should also increase the ability of the authorities to carry out stabilization policies relying on indirect rather than direct instruments. The paper argues that the sustainability of such reform may critically depend on the pursuit of policies that contain inflationary pressures, but that the environment for adoption of such policies will depend in turn on the appropriate sequencing of reform measures. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/027 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/027/001.1990.issue-027-en.xml IMF e-Library