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Stabilization Policies in Bulgaria and Yugoslavia During Communism's Terminal Years : 1980s Economic Visions in Retrospect

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Author Info

  • Roumen Avramov

    ()
    (Centre for Liberal Strategies, Sofia)

  • Dragana Gnjatovic

    ()
    (Megatrend University, Belgrade)

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    Abstract

    We adopt a comparative view of the stabilization policies designed and implemented in Bulgaria and Yugoslavia during the fatal economic crises of their regimes in late 1980s. The role of the IMF can be better highlighted by comparing “with (Yugoslavia)-without (Bulgaria)” scenarios in a communist context. The authorities' views are discussed and newly accessible archival evidence is presented in the case of Bulgaria. The ruling elites’ vision is confronted by that of critical professionals thus permitting a retrospective assessment of the conceptual readiness of the society for the forthcoming transition to a market economy in the early 1990s.

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    File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper200881.pdf
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    Bibliographic Info

    Paper provided by Bank of Greece in its series Working Papers with number 81.

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    Length: 40 pages
    Date of creation: Jul 2008
    Date of revision:
    Handle: RePEc:bog:wpaper:81

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    Web page: http://www.bankofgreece.gr
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    Related research

    Keywords: macroeconomic stabilization; inflation; communist economy; Bulgaria; Yugoslavia.;

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    Cited by:
    1. Sophia Lazaretou, 2008. "Banking and Central Banking in Pre-WWII Grecce: Money and Currency Developments," Working Papers 86, Bank of Greece.
    2. Yuksel Gormez, 2008. "Banking in Turkey: History and Evolution," Working Papers 83, Bank of Greece.

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