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...
| Hoofdauteur: | |
|---|---|
| Andere auteurs: | |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| Reeks: | IMF Working Papers; Working Paper ;
No. 1991/066 |
| Online toegang: | Full text available on IMF |