The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy : The Case of Romania

The Case of Romania

The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy : The Case of Romania
This paper assesses the main issues faced by the energy sector in a transition economy such as Romania and their macroeconomic dimension. It examines how the size of quasi-fiscal subsidies, owing mainly to inappropriate prices and the lack of financial discipline, has led to an increased focus on the energy sector under the IMF-supported... READ MORE...

Publication date: April 2003
ISBN 9781451974546
$15.00

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