Part 1: Introduction
Part 2: Bankruptcy, reorganization and liquidation in mature market economies
Part 3: Macroeconomic shocks and policy responses during transition
Part 4: Downsizing as an exit mechanism
Part 5: Bankruptcy and owner-led liquidation in the Czech Republic
Part 6: Hungary's bankruptcy experience 1992-93
Part 7: Classical exit processes in Poland
Part 8: Poland's bank-led conciliation
Part 9: Why does exit matter
Leszek Balcerowicz
Iraj Hoshi, Cheryl W. Gray (red.)
Enterprise Exit Processes in Transition Economies
Downsizing, Workouts, and Liquidation
De onderstaande tekst is niet beschikbaar in het Nederlands en wordt in het Engels weergegeven.
The rebirth of competition and the extensive "exit" that has resulted are among the most important developments in Central Europe since the demise of Communism. This text examines why, how, and to what extent enterprises have reduced their size or left the market altogether during the first years of the transition from socialism to capitalism in the Czech Republic, Hungary and Poland.