Kornai János: “Making the Transition to Private Ownership,“ Finance and Development. 2000, Vol. 37, No. 3, pp. 12-13.
A QUARTERLY PUBLICATION OF THE INTERNATIONAL MONETARY FUND September 2000. Volume 37 . Number 3 Page 2 Page 48 DEVELOPMENT Page 60 ECONOMIES IN TRANSITION 2 Taking Stock Stanley Fischer and Ratna Sahay 7 Political Economy of Stalled Reforms Oleh Havrylyshyn and John Odling-Smee 12 Making the Transition to Private Ownership János Kornai 14 Poland's Transformation Leszek Balcerowicz 17 Latvia: Focus on Country Development Einars Repse The Modernization Challenge Facing President Putin Andrei Nesterenko Central Europe: From Transition to EU Membership Robert A. Feldman and C. Maxwell Watson Estonia Moves Toward EU Accession René Weber and Günther Taube Central and Eastern Europe and the New Financial Architecture Roger Nord Building Treasury Systems Barry H. Potter and Jack Diamond 40 Central Asia: Achievements and Prospects Emine Gürgen 44 Can Monetary Policy Be Effective During Transition? Lessons from Mongolia Torsten Sink MONETARY POLICY 48 Monetary Regimes and Inflation Targeting Enzo Croce and Mohsin S. Khan FINANCIAL FOCUS 52 New Tools for Assessing Financial System Soundness Paul Hilbers, Russell Krueger, and Marina Moretti GUEST ARTICLE 56 Funding the IMF: The Debate in the U.S. Congress Mary Locke BOOK REVIEWS 60 Without a Map: Political Tactics and Economic Reform in Russia by Andrei Shleifer and Daniel Treisman—Itzhak Goldberg and Lev Freinkman 61 On Money and Markets: A Wall Street Memoir by Henry Kaufman—Kristin Roesser SUPPLEMENT (between pages 30 and 31 ) 20 24 28 32 36 Page 28