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Europe > Slovenia, Republic of

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out x
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Cover IMF Working Papers
State-Owned Enterprises in Emerging Europe: The Good, the Bad, and the Ugly
Uwe Böwer
State-owned enterprises (SOEs) play an important role in Emerging Europe’s economies, notably in the energy and transport sectors. Based on a new firm-level dataset, this paper reviews the SOE landscape, assesses SOE performance across countries and vis-à-vis private firms, and evaluates recent SOE governance reform experience in 11 Emerging European countries, as well as Sweden as a benchmark. Profitability and efficiency of resource allocation of SOEs lag those of private firms in most sectors, with substantial cross-country variation. Poor SOE performance raises three main risks: large and risky contingent liabilities could stretch public finances; sizeable state ownership of banks coupled with poor governance could threaten financial stability; and negative productivity spillovers could affect the economy at large. SOE governance frameworks are partly weak and should be strengthened along three lines: fleshing out a consistent ownership policy; giving teeth to financial oversight; and making SOE boards more professional.
Keywords:
WP; SOE performance; output share; SOE governance challenge; governance reform; SOE profitability; State-Owned Enterprises; Emerging Europe Author’s; firm profitability; SOE landscape; oversight unit; ownership function; performance target; reform effort; professionalized SOE board; infrastructure sector; Public enterprises; Energy sector; Services sector; Contingent liabilities; Productivity; Europe
Cover IMF Staff Country Reports
Republic of Slovenia: Staff Report for the 2001 Article IV Consultation
International Monetary Fund
The Republic of Slovenia, being the most successful transition economy in Central and Eastern Europe, has achieved significant economic convergence with the European Union, and has built up an impressive record of sustained, broad-based growth, reflecting strong competitiveness and investment. However, Executive Directors emphasized the need to maintain strong monetary and fiscal policies, and accelerate structural reforms. They commended the comprehensive action plan prepared by the authorities to strengthen prudential standards, improve liquidity management, and deepen the money market.
Keywords:
ISCR; CR; Policy implementation; government; implementation of the authorities' action plan; Slovene authorities; indexation; staff appraisal; EU harmonization; Inflation; Capital account liberalization; Competition; Privatization; Current account; Central and Eastern Europe
Cover IMF Staff Country Reports
Republic of Slovenia: Staff Report for the 1999 Article IV Consultation
International Monetary Fund
Slovenia is among the most successful transition economies of central and eastern Europe. The authorities have consistently maintained conservative macroeconomic policies, which together with the relatively favorable starting point, allowed them the luxury of a gradual pace of reform. This approach to economic policy has delivered macroeconomic stability while maintaining social consensus and political continuity; at the same time, however, it has delayed the restructuring in certain sectors. Developments in 1999 have shaped by changes in the external environment and temporary domestic factors.
Keywords:
ISCR; CR; government; liberalization; banking system; foreign exchange; IMF position; broad money; policy stance; labor market; transmission mechanism; Slovene authorities; exchange rate; Inflation; Exchange rates; Monetary base; Real exchange rates; Western Europe; Central and Eastern Europe
Cover IMF Staff Country Reports
Republic of Slovenia: Selected Issues
International Monetary Fund
This Selected Issues paper examines the progress of Slovenia by focusing on four interrelated topics that are critically important to the evolution of the transition process and provides insights into the work that lies ahead. The paper concludes that the voucher-based privatization process has failed to truly transform the ownership structure of socially owned enterprises. The paper also investigates the inflation process in Slovenia through an empirical examination of some commonly used determinants of inflation in transition economies.
Keywords:
ISCR; CR; Slovenia; nominal exchange rate; ULC REER; RPI inflation; inflation dynamics; EU Accession Strategy of the Republic of Slovenia; EU membership possibility; share price; EU level; Inflation; Privatization; Corporate governance; Mutual funds; Real effective exchange rates; Europe; Central and Eastern Europe; Western Europe; Eastern Europe