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to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland …
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-exporting country for investments in machinery and buildings in nine capital-importing European countries. Poland and Hungary are found …
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This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
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