Paper discusses reform process in the Czech Republic (and former Czechoslovakia), which after some preparations in 1990 started in 1991 has been implemented along two major reform lines: - microeconomic restructuring including privatization, liberalization of prices and markets, and - creation...

How a price increase in the nontradables sector of a transition economy affects the exchange rate, relative prices, wages, and, indirectly, the movement of factors of production.Polackova analyzes the macroeconomic effects of inflation in the nontradables sector of a small open economy to...

PRIESTS of PROSPERITY -- Contents -- Preface -- Notes on Nomenclature -- 1. E Pluribus Unum -- 2. Transplantation -- 3. Choosing Independence -- 4. The Transformation Campaign -- 5. The Politics of European Integration -- 6. The Trials of Post-Soviet Central Bankers -- 7. Paradise Lost --...