The Evolution of Financial Discipline under the Postsocialist System
研究了后社会主义社会如何学习市场经济的金融纪律，前提是国家承诺和可信度，新私营企业需从创立起就受金融纪律约束，但国家和企业都面临回归旧习的诱惑，且金融纪律带来效率与安全的艰难抉择。
This article examines how postsocialist society can learn the financial discipline characteristic of a market economy. The prerequisite for this is the commitment and credibility of the state. The new private firms must be imbued with the demand for financial discipline from the moment they are founded; an alteration in the behavior of state-owned enterprises is also possible but not certain. Both the state and the firms are under a big temptation to revert to their habitual behavior. Meanwhile, the imposition of financial discipline poses the bitter dilemma of efficiency versus security. Copyright 1993 by WWZ and Helbing & Lichtenhahn Verlag AG