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Fiscal Reform Over Ten Years of Transition

  • George C. Tsibouris
  • Vito Tanzi
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    This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms visualized by the shock therapy approach—are necessary but not sufficient conditions for a complete transition to a market economy. Further deep changes—such as the creation of new fiscal institutions, changes in incentives and processes, and changes in the role of government—are needed.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3649
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    Paper provided by International Monetary Fund in its series IMF Working Papers with number 00/113.

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    Length: 31
    Date of creation: 01 Jun 2000
    Date of revision:
    Handle: RePEc:imf:imfwpa:00/113
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