External Sector Reform and Public Enterprise Restructuring

A Model of Financial Fragility

Author: Ms. Rina Bhattacharya

This paper explores the linkages between external sector reforms and public enterprise restructuring, paying attention to the role of the financial sector in ensuring the success of these reforms in the context of a comprehensive medium-term structural adjustment program. It discusses the arguments made in the academic literature on this issue, and analyzes how some countries-namely Algeria, Egypt, and Poland-have tackled reforms in these areas.

Volume/Issue: Volume 2000 Issue 120

Publication date: June 2000

ISBN: 9781451854268

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Topics covered in this book

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Business and Economics , Banks and Banking , Economics- Macroeconomics , WP , public enterprise , enterprise , government , exchange rate , budget constraint , public enterprise restructuring , trade liberalization , exchange rate reform , financial sector reform , restructuring process , government oversight , reform program , public sector enterprise , public enterprise performance , public enterprise financing , public enterprise manager , enterprise level , public enterprise access , state enterprises in Poland , Public enterprises , Commercial banks , Public sector , Exchange rate arrangements , Exchange rate unification

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Summary

This paper explores the linkages between external sector reforms and public enterprise restructuring, paying attention to the role of the financial sector in ensuring the success of these reforms in the context of a comprehensive medium-term structural adjustment program. It discusses the arguments made in the academic literature on this issue, and analyzes how some countries—namely Algeria, Egypt, and Poland—have tackled reforms in these areas.