Gemayel, Edward R.; Grigorian, David A. - In: European Journal of Comparative Economics 3 (2006) 2, pp. 239-261
Since independence in 1991, Uzbekistan has pursued a gradual approach to the transition from planned to market economy. This approach relied heavily on trade controls, directed credit, and large public investments. In addition, a number of financial sector measures were instituted that distorted...