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43 Cards in this Set
- Front
- Back
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cz x% of goods were free by
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90% by jan 1991
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cz real wages at
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end of 1992
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share of gov in domestic credit
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2.9 to 8.5%
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restrictive mon policy
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1991 ad hoc and quantitativew - credit rationing
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indirect mon by
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1992 and eased M2 growth
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GDP
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declines 14% in 1991 and 7% in 1992
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cz coruna made convertible
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in jan 1991for trade
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koruna devaluated
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IVQ 1990 28 from 15.71
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GDP growth
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by 1992
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gdr union
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on 1 july 1990
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bank assets
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2.2x
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personal dep
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1.6x
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administration
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thousands of clerks
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treuhand
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by 1994 7% of 13384
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safety prov migration
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50% of gdp in 1991 and 37% in 1994
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Poland's reform
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Balcerowicz plan jam 1990
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foreign ex
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9500x BM 8700
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fiscal control by
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drastic cut in subsidies
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by sep 1990
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slump in the economy
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FX policy
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crawling peg of the zloty in 1 oct 1991
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hungary
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high expectations for fdi and segging performance
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reason
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restrictive micro policies
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devaluation
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several times altoghether by 76.6%
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inflation
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23% 92,93 19% 94
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annual FDI
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<1.5bn - still large per capita
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es reform starts
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Jun-92
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initian ex
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10:01
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pegged to DM
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1:08
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initial reserves
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gold in west banks
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es ahead
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fervor against USSR, nat curr 1987, dollarization
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lat, lith
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introduced temp nat currencies (rublis-lats, talonas-litas)
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last stage
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modified curr board to US and SDR
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es trade
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5% to 40.9% un 1 year
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kz nat currency
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Nov-93
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high infl
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cheap rubles
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infl reigned
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2%per m in 1995
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aggravated output
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aggrav output
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should have
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linked wages with productivity
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imf orthodox instead of
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heterodox
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uz bud. Def
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18.4 and 12 %
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transfers from FSU
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18% of rev
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inflation to
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1134%
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foreign trade
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as -25% exports frmom 12 to 3 bn
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