The impact of private ownership on corporate performance in the transition economies the quarterly journal of economics november 1999 1153 91 john nellis time to rethink privatization in transition economies ifc discussion paper no 38 1999. Q do imf supported programs impose austerity on countries in financial crisis a no a country in financial crisis is likely to face a period of austerity whether it approaches the imf or not an imf program reduces the extent of the belt tightening needed and aims at bringing about a quicker rebound in incomes than would otherwise be the case. Previous studies on the effectiveness of imf programmes focus on developing economies see among others przeworski and vreeland 2000 evrensel 2002 there is limited empirical evidence on the role of imf supported policies in transition economies due to data limitations available studies have taken a descriptive approach. Papers in the international economic policy review will offer specific policy relevant analysis but at a relatively non technical level these papers are intended to provide analytical background for imf supported programs and more generally to shed light on a range of policy choices facing ministries and central banks. Effectiveness of imf supported stabilization programs in developing countries article in journal of international money and finance 215565 587 october 2002 with 346 reads doi 101016 s0261
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