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This work, written by a scholar and consultant who has worked extensively in Central and Eastern Europe, presents important background information and analysis on the economic and political changes that are taking place in that part of the world.
The post-communist European countries have faced enormous political and economic problems in attempting the transformation to a market oriented economy through two of the most important channels influencing this process-privatization and foreign investments.
It examines the main challenges facing East European countries, their economic policy strategies, the main challenges to the economies that adopted currency boards, and whether currency boards were a solution. The book is organized into two parts.
In this 1988 book, Iliana Zloch-Christy analyzes the causes and consequences of the massive Eastern European debt to the West accumulated in the 1970s. The author also covers the roles of the International Monetary Fund and the World Bank, and explores the potential debt consequences of resurging East-West trade.
In this book, Iliana Zloch-Christy analyses the problems of Eastern Europe's convertible currency external debt situation and its impact on the financing of East-West trade in the late 1980s and early 1990s.
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