01834cas a2200265 a 4500 AALejournalIMF007906 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841671 1018-5941 BD-DhAAL BD-DhAAL Aghevli, Bijan. Stabilization and Structural Reform in Czechoslovakia : An Assessment of the First Stage / Bijan Aghevli, Tessa Van der Willigen, Eduardo Borensztein. Washington, D.C. : International Monetary Fund, 1992. 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 analyzes the Czechoslovak reform program which was launched on January 1, 1991. Under this program, Czechoslovakia has taken decisive steps to establish a market economy, while achieving price stability and a viable external position through restrictive financial policies. But there has been a sharp decline in output. The eventual output recovery is predicated on completing structural market reforms, such as the development of financial markets and the safeguard of their stability, privatization of large enterprises, minimizing government interference with economic signals, and the imposition of the 'hard' budget constraint. Mode of access: Internet Borensztein, Eduardo. Van der Willigen, Tessa. IMF Working Papers; Working Paper ; No. 1992/002 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/002/001.1992.issue-002-en.xml IMF e-Library