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|z 9781451847451
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Daianu, Daniel.
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|a Inter-Enterprise Arrears in a Post-Command Economy :
|b Thoughts From a Romanian Perspective /
|c Daniel Daianu.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1994.
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper considers that strain is the main source of inter-enterprise arrears in post-command economies. Strain can be linked with the structure of the economy and the size of resource misallocation. Inter-enterprise arrears 'soften' markets and operate as a self-protecting device against the pressure for change. As temporary quasi-inside money, arrears fuel inflation. A paradox of policy credibility in undertaking structural adjustment is emphasized. Rising exports can be a possible side effect of arrears and a constraining factor: the size of the economy is seen as affecting the relationship between arrears and exports. An operational framework for containing arrears would Include: 'breaking up' structure; Imposing a disciplining 'straitjacket' on structure; industrial policy ('picking losers among losers') and targeted external assistance. Containing arrears can not be a one shot policy-drive; here one deals with a process that will overlap in time with the evolving environment.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1994/054
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1994/054/001.1994.issue-054-en.xml
|z IMF e-Library
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