01835cas a2200241 a 4500 AALejournalIMF007960 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844856 1018-5941 BD-DhAAL BD-DhAAL Bruno, Michael. Stabilization and Reform in Eastern Europe : A Preliminary Evaluation / Michael Bruno. 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 The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1992/030 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/030/001.1992.issue-030-en.xml IMF e-Library