Papers presented at a workshop on Financial Reform in Socialist Countries, held at the European University Institute, Florence October 1987. --Glossary and Acronyms vii --Conference Program viii --Financial Reform in Socialist Economies: Workshop Overview/Catherine Sokil and Timothy King 1 --1. Monetary and Financial Aspects of Gorbachev's Reform Gregory Grossman 28 --2. Monetary Reforms in Bulgaria Renzo Daviddi 47 --3. Financial Aspects of the Economic Reform in Poland Cezary Jozefiak 56 --4. China's Reform of the Financal and Tax Systems Cuilan Wu 64 --5. The Reorganization of the Banking System in Hungary Tamds Bdcskai 73 --6. Feasible Financial Innovation under Market Socialism D. M. Nuti 85 --7. Shareholding Schemes in the Yugoslav Economy Milica Uvali 106 --8. Structural Reform and Financial Reform in China Meizheng Xu 126 --9. The Beginnings of a Capital Market in Hungary Laszo Antal 133 --10. Socialist Stock Company: The Missing Link in Economic Reform Maciej Iwanek and Marcin Switeicki 147 --11. Financial System for Restructuring the Yugoslav Economy Ales VahN6 and Tea Petrin 154 --12. The Role of Small-Scale Industry in Yugoslavia's Economic Development Planinko Kapetanovio 162 --13. Economic Reform and Monetary Cooperation in the CMEA Jozef M. van Brabant 170 --14. Alternative Modes of Financial Organization Marcello de Cecco 196 --15. The Basis of China's Banking Reform Ren Junyin 205 --16. Balance of Payments Adjustment and Financial Crisis in Yugoslavia Mitja Gagpari 214 --Participants 241