Obstacles to Transforming Centrally-Planned Economies : The Role of Capital Markets /
This paper identifies obstacles hindering the transformation of centrally-planned economies (CPEs) into well-functioning market economies. The obstacles identified relate to (i) anticipatory dynamics, (ii) monetary overhang and the budget, and (iii) underdeveloped credit markets. It is demonstrated...
| 1. Verfasser: | Calvo, Guillermo |
|---|---|
| Weitere Verfasser: | Frenkel, Jacob |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1991/066 |
| Online Zugang: | Full text available on IMF |
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