Hungary and the imf: The experience of a cordial discord

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Abstract (may include machine translation)

This paper surveys Hungary′s relationship to the IMF between 1954-1994. The basic question is why the Fund could not obtain greater market reforms even though no Hungarian government ever questioned the Fund′s conventional wisdom. From the answer to this question some general conclusions are drawn on the conditions necessary for sustainable transformation policies. The workings of peculiar institutional filters countering the advice of the IMF and the World Bank are identified.

Original languageEnglish
Pages (from-to)211-234
Number of pages24
JournalJournal of Comparative Economics
Volume20
Issue number2
DOIs
StatePublished - Apr 1995
Externally publishedYes

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