Stabilization and Structural Reform in the Czech and Slovak Federal Republic
First Stage

Abstract

On January 1, 1991, the Czech and Slovak Federal Republic launched a comprehensive reform program designed to establish a market economy. This paper charts the progress of the reform program in the context of Czechoslovakia's prewar history as a major industrial power, its subsequent slow economic decline under Communism, and its recent integration into the world economy following the collapse of the Council for Mutual Economic Assistance.

Author:
Bijan B. Aghevli https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Eduardo Borensztein
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Ms. Tessa Van der Willigen
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