01683cas a2200241 a 4500 AALejournalIMF000463 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855562 1018-5941 BD-DhAAL BD-DhAAL Manzocchi, Stefano. External Finance and Foreign Debt in Central and Eastern European Countries / Stefano Manzocchi. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (28 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 External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process, foreign debt could exert a strong constraint on the borrowing capacity of some central and eastern European countries. This paper analyzes the determinants of net external borrowing in ten transition economies during 1990-95 and assesses the impact of the outstanding stock of foreign liabilities on net financial inflows. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/134 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/134/001.1997.issue-134-en.xml IMF e-Library