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The Czech economic crisis: Policy revenge?

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  • Antonin Rusek

Abstract

The current Czech economic crisis is defined and its causes are analyzed. The role of policies followed after the collapse of communism—especially the privatization strategy, macroeconomic stabilization (based on a balanced budget and a stable exchange rate regime), and the microsphere liberalization in the absence of a functioning legal environment—will be assessed in view of current economic difficulties. These policies are identified as the primary cause of these difficulties. The need for policy changes and the nature of such changes are elucidated. Copyright International Atlantic Economic Society 1999

Suggested Citation

  • Antonin Rusek, 1999. "The Czech economic crisis: Policy revenge?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(2), pages 178-188, May.
    • Handle: RePEc:kap:iaecre:v:5:y:1999:i:2:p:178-188:10.1007/bf02295073
    DOI: 10.1007/BF02295073
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