Financial Markets and Public Finance in the Transformation Process
April 1, 1992
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Summary
The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to develop appropriate financial institutions that can mobilize savings and allocate them efficiently; and (c) the major reforms necessary in the fiscal area. It also calls attention to the extent to which monetary and fiscal policies overlap in these countries and the implications of that overlapping.
Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Fiscal policy, Government debt management, Public financial management (PFM), Public sector
Keywords: Commercial banks, country, Eastern Europe, enterprise, enterprise manager, government, Government debt management, government program, public finances, Public sector, state bank, state enterprise, WP
Pages:
34
Volume:
1992
DOI:
Issue:
029
Series:
Working Paper No. 1992/029
Stock No:
WPIEA0291992
ISBN:
9781451844719
ISSN:
1018-5941
