01742cas a2200253 a 4500 AALejournalIMF006603 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451964950 1018-5941 BD-DhAAL BD-DhAAL Montiel, Peter. Savings, Investment, and Growth in Eastern Europe / Peter Montiel, Eduardo Borensztein. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (35 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 Even modest investment rates may achieve satisfactory rates of growth in the reforming economies of Eastern Europe because their relative capital scarcity implies high rates of productivity for capital. The most serious obstacle to private investment is uncertainty about the reform process, which can potentially rule out all but the most profitable projects. This problem sharply increases the payoff from accelerating the structural reform process. Regarding savings, critical aspects are the changes in methods of financing resulting from economic reform, and the availability of foreign savings, both in the form of loans and foreign direct investment. Mode of access: Internet Borensztein, Eduardo. IMF Working Papers; Working Paper ; No. 1991/061 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/061/001.1991.issue-061-en.xml IMF e-Library