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The Changing Mix of Disequilibria During Transition: A Romanian Background

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  • Mr. Daniel Daianu

Abstract

This paper looks at the dynamics of (dis)equilibria during post-command transition. It tries to define an optimal mix between external and internal disequilibrium and to apply this concept to the analysis of the Romanian economy. The forced adjustment of the balance of payments in the 1980s is presented as a prologue to the scrutiny of transformation policy underway; results and dilemmas of macro-stabilization are dealt with in this respect. The paper ends by providing some insights into the problematique of understanding (dis)equilibria in transforming economies.

Suggested Citation

  • Mr. Daniel Daianu, 1994. "The Changing Mix of Disequilibria During Transition: A Romanian Background," IMF Working Papers 1994/073, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1994/073
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    Cited by:

    1. Ariane Tichit, 1998. "Reprise économique dans les pays post-communistes : application d'un modèle de durée," Économie et Prévision, Programme National Persée, vol. 136(5), pages 73-92.
    2. Daniel Daianu, 1996. "Stabilization and exchange rate policy in Romania," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 229-248, May.

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