The main message of this book is that a comprehensive programme of liberalisation and inflation stabilisation is necessary for the success of economic transformation in the beginning of transition period. Such programmes have been implemented in Poland, Czechoslovakia, Albania, Slovenia, Estonia, Latvia and Kyrgyzstan. With the exception of Latvia, other countries in the region are now growing rapidly (Romania, which did not have a comprehensive liberalisation/stabilisation programme, also experienced rapid growth in 1995 and 1996, but the economy «overheated», and its growth had to be restrained in 1997).
Macro-economic instability in the post-communist countries of Central and Eastern Europe
Jacek Rostowski. Macro-economic instability in the post-communist countries of Central and Eastern Europe. Translated from English (Jacek Rostowski. Macro-Economic Instability in Post-Communist Countries. — London, 1997). — Moscow: «Ad Marginem», 1997, series «Library of the Moscow School of Economics» (Issue No. 5), 463 p.
