Mobilization of Savings in Eastern European Countries : The Role of the State

Author/Editor:

Vito Tanzi

Publication Date:

January 1, 1991

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

As the countries of Eastern and Central Europe transform their economies from centrally–planned to market–oriented, the question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed. This paper argues that the issue of a good allocation of savings must precede that of mobilization. Much evidence suggests that major distortions have, in the past, dramatically reduced the productivity of investment. The paper discusses some of the institutional changes that will be necessary to ensure a better allocation of savings.

Series:

Working Paper No. 91/4

Subject:

English

Publication Date:

January 1, 1991

ISBN/ISSN:

9781451841947/1018-5941

Stock No:

WPIEA0041991

Format:

Paper

Pages:

26

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