Fiscal Reform Over Ten Years of Transition [electronic resource] / George C Tsibouris.
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TextSeries: IMF Working Papers; Working Paper ; No. 00/113Publication details: Washington, D.C. : International Monetary Fund, 2000Description: 1 online resource (31 p.)ISBN: 1451853696 :ISSN: 1018-5941Subject(s): Economic Reform | Fiscal Reform | Tax Administrations | Tax Policy Reform | Tax Policy | Tax Revenue | Bulgaria | Georgia | Hungary | Slovak Republic | UzbekistanAdditional physical formats: Print Version:: Fiscal Reform Over Ten Years of TransitionOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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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