?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4210%2F&rft.title=Stabilization+Policies+at+Crossroads%3F+An+Interim+Report+From+Central+and+Eastern+Europe&rft.creator=Barta%2C+V.&rft.creator=Schneider%2C+C.M.&rft.description=The+papers+in+this+volume+were+written+by+experts+from+Central+and+Eastern+Europe+and+constitute+the+core+of+the+material+presented+at+the+international+workshop+on+%22Macroeconomic+Stabilization+of+Economies+in+Transition%22+held+in+Prague%2C+Czech+Republic+from+22+to+24+April+1993.+%0A%0AThe+purpose+of+the+workshop+was+to+assemble+policy-makers+and+interested+scholars+from+Central+and+Eastern+European+countries%2C+as+well+as+western+experts+to+thoroughly+discuss+the+accumulated+experience+with+macroeconomic+stabilization+during+economic+reforms+in+Albania%2C+Bulgaria%2C+Croatia%2C+former+Czechoslovakia+and+its+successors+the+Czech+and+Slovak+Republics%2C+Hungary%2C+Poland%2C+Romania%2C+Russia%2C+and+Ukraine.+Those+who+presented+papers+and+those+who+commented+drew+attention+to+problems+now+explicit+and+urgent+in+countries+which+pioneered+reform+to+convert+from+communist+central+planning+to+a+pluralist+market+system.+The+late-comers+to+the+transition+process+are+very+likely+to+face+similar+complications+and+dilemmas.+Organizers+of+the+workshop+firmly+believed+that+dissemination+of+experience+from+more+rapidly+advancing+reform+countries+could+contribute+to+a+better+understanding+of+burdensome+stabilization+tasks+and+to+a+future+improvement+and+refinement+of+stabilization+policies+and+tools%2C+particularly+for+the+benefit+of+the+transitional+laggards.+%0A%0AThe+results+of+the+workshop+inferred+that+the+stabilization+of+a+post-socialist+economy+is+a+difficult+but+attainable+goal.+The+character+of+stabilization+policies+underwent+many+modifications+and+adjustments.+Their+initial+stringency+was+abandoned+and+replaced+by+more+adaptive+policies+in+some+countries.+The+workshop+participants+generally+also+agreed+that+regardless+of+the+approach+utilized+to+implement+the+stabilization+effort+(shock+versus+gradual+approach)%2C+countries+face+similar+problems+after+the+stabilization+phase%3A+they+comprise+long-term+and+painful+restructuring+of+industries%3B+budget+imbalances%3B+extensive+restructuring+of+the+public+sector%3B+enlarging+the+scope+of+currency+convertibility%3B+time-consuming+privatization%3B+and+so+forth.+Recognition+of+the+dynamic+changes+in+the+recent+past%2C+as+well+as+the+decisions+facing+policy-makers+in+post-communist+countries+in+contemplating+how+to+proceed+where+from+each+unique+position+already+attained%2C+guided+us+to+choose+%22Stabilization+Policies+at+Crossroads%3F%22+as+the+title+of+this+volume.&rft.publisher=CP-94-011&rft.date=1994-06&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4210%2F1%2FCP-94-011.pdf&rft.identifier=++Barta%2C+V.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F1707.html%3E+%26+Schneider%2C+C.M.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F2363.html%3E++(1994).++Stabilization+Policies+at+Crossroads%3F+An+Interim+Report+From+Central+and+Eastern+Europe.+++IIASA+Collaborative+Paper.+IIASA%2C+Laxenburg%2C+Austria%3A+CP-94-011+++++