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...
| Main Authors: | , |
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, Research Department,
©1991
Washington, D.C. : International Monetary Fund, 1991 |
| Series: | IMF Working Papers ;
Working Paper No. 91/66 IMF eLibrary IMF working paper ; WP/91/66 |
| Subjects: |