| Author(s): |
† prof. Ing. Michal Mejstřík CSc., Aggarwal, Raj
|
| Type: |
Articles in refereed journals |
| Year: |
1992 |
| Number: |
|
| ISSN / ISBN: |
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| Published in: |
CERGE Working Paper No.14 |
| Publishing place: |
Praha |
| Keywords: |
Transition Economy
(Emerging) Capital markets |
| JEL codes: |
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| Suggested Citation: |
Aggarwal,Raj,Mejstrik Michal,Privatization and Capital Market Development in Eastern Europe: lessons from the Czechoslovak Experience,CERGE WP 14, September 1992 |
| Abstract: |
This paper reviews the unusual approach taken by Czechoslovakia in moving privatization to the forefront and using it to guide the transformation of one of the most highly centrally planned economies into a market economy based on private enterprise. While not without some costs, the Czechoslovak experience has been successful but will need the development of financial markets for the successful continuation of this process. This paper concludes with some observations regarding the institutional implications of the Czechoslovak experience for other formerly communist nations.
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