01727cas a2200253 a 4500 AALejournalIMF000134 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857443 1018-5941 BD-DhAAL BD-DhAAL Symansky, Steven. Financing the Transition of Previously Centrally Planned Economies : Macroeconomic Effectson Western Europe / Steven Symansky, Leonardo Bartolini. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Under alternative assumptions on the likely developments in external financing of PCPE transition, and based on a multi-country, forward-looking model that includes a simplified PCPE block, we simulate the response of PCPEs to a transfer of capital from the industrial countries, and assess the potential implications for Western Europe over the next ten years. Real interest rates in Western Europe are likely to experience only mild upward pressure, and most macroeconomic aggregates are likely to change by substantially smaller magnitudes than typical over the business cycle. Mode of access: Internet Bartolini, Leonardo. IMF Working Papers; Working Paper ; No. 1994/157 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/157/001.1994.issue-157-en.xml IMF e-Library