Intro -- Contents -- I. INTRODUCTION -- II. EMPIRICAL METHODOLOGY AND SAMPLE -- III. GROWTH AND FISCAL ADJUSTMENT IN TRANSITION COUNTRIES: SOME STYLIZED FACTS -- IV. ECONOMETRIC MODEL RESULTS -- V. QUALITATIVE ANALYSIS OF COUNTRY EXPERIENCES -- VI. CONCLUSIONS -- References.

Intro -- Contents -- I. INTRODUCTION -- II. MAIN CHARACTERISTICS OF FOREIGN EXCHANGE MARKETS IN DEVELOPING COUNTRIES -- III. MARKET MICROSTRUCTURE -- IV. CLUSTER ANALYSIS: NUMERICAL GROUPING OF MARKET CHARACTERISTICS -- V. MAIN FINDINGS AND SUGGESTIONS FOR FUTURE RESEARCH -- APPENDIX -- REFERENCES.