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Proposals for Privatization in Eastern Europe
Author:
Mr. Eduardo Borensztein
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Series:
IMF Working Papers
Volume/Issue:
Volume 1991: Issue 036
Language:
English
Publication Date:
01 Apr 1991
DOI:
https://doi.org/10.5089/9781451977905.001
ISBN:
9781451977905
ISSN:
1018-5941
Pages:
28
Keywords:
WP; privatized enterprise; enterprise management; supervision system; privatization company; control problem; joint stock; Privatization; Nonbank financial institutions; Public enterprises; Mutual funds; Stocks; Eastern Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper discusses several proposals for a wholesale privatization of public enterprises in Eastern Europe. These proposals include the distribution of ”vouchers” to private citizens as well as the use of mutual funds, privatization companies and other forms of financial intermediaries. The paper analyzes the implications for economic efficiency of the different forms of ownership and control that would emerge from the proposals as well as their main macroeconomic consequences.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund