The Romanian Economic Reform Program

August 1, 1991

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Format: Chicago

Dimitri G Demekas, and Mohsin S. Khan The Romanian Economic Reform Program, (USA: International Monetary Fund, 1991) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.

Subject: Bank credit, Banking, Commercial banks, Economic sectors, Exports, Financial institutions, International trade, Labor, Privatization, Tariffs, Taxes

Keywords: Commercial banks, Consumer goods, Eastern Europe, Economic system, Exports, Market economy, Middle East, Private ownership, Privatization, Provisional government, Reform program, State monopoly, Tariffs, WP

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1991/080
Stock No:

WPIEA0801991
ISBN:

9781451850246
ISSN:

1018-5941

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