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Debt as a control device in transitional economies : the experiences of Hungary and Poland (English)

The basic economic challenge in the transition from socialism to capitalism is creating incentive structures and institutions that promote enterprise change and restructuring. This is the motivation for most of the reforms debated during the transition - whether privatization, demonopolization, trade reform, or financial sector reform. Most research on corporate governance and privatization has focused on the role of owners - whether on the problems...
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Baer, Herbert L.; Gray, Cheryl W..

Debt as a control device in transitional economies : the experiences of Hungary and Poland (English). Policy, Research working paper ; no. WPS 1480 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/457481468756582500

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