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...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1991.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1991/066 |
| On-line přístup: | Full text available on IMF |