How to stabilize: lessons from post-communist countries
A study on economic reforms in post-communist controlled countries presented during the Brookings Panel on Economic Activity held from Mar. 28 to 29, 1996 is discussed. It is shown that countries that implemented radical liberalization and price stabilization programs fared better than those which opted for gradual reforms. Radical reforms have reduced unemployment, improve private sector development and encouraged the growth of private enterprises.
Publication Name: Brookings Papers on Economic Activity
Propping and tunneling
The entrepreneurs who control publicly traded firms in countries with weak legal systems do a large amount of tunneling. Further evidence and a model are provided, which explains proppin
Publication Name: Journal of Comparative Economics
Corporate governance in the Asian financial crisis
The role of corproate governance in the 1997-1998 Asian financial crisis is examined in detail.
Publication Name: Journal of Financial Economics
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