Policy reforms, currency auctions, and production choices in transition economies

Article Abstract:

A dual-exchange economy is used as a model to analyze the effect of policy reforms in terms of price structure management and currency movements on transition economies such as those of Russia and post-communist Eastern Europe. Such policies are seen to be more effective if producers and exporters exert a tangible clout on the local market and are willing to participate in auctions or interbank transactions.

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Introduction to the symposium: Greater China and the world economy

Article Abstract:

The factors contributing to strong economic growth in China since the early 1980s are considered. They include the privatization and reoganization of state-owned businesses and greater reliance on the market mechanism.

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An arrears crisis and stabilization failure in a transition economy

Article Abstract:

A dynamic game is used to assess problems relating to arrears crises and lack of success for stabilization programs in transition economies.

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