Since the impact of privatization was often viewed as dependent on the presence of specific accompanying policies and systemic changes, we include in this paper a brief evaluation of such policies and changes that presumably influenced the effects of privatization. We also discuss the key systemic changes and policies that, along with privatization, were carried out, in full or in part, during the transition in CEE and CIS. We examine the macro- and microeconomic evidence about the determinants, extent and effect of privatization. We conclude our study with a number of policy-oriented observations.
New York State law has enormous implications for sovereign debt sustainability and debt crises resolutions,
- 01/16/2025
- Policy Brief