{
  "title": "Financial Markets and Public Finance in the Transformation Process",
  "publication": "IMF Working Papers, April 1, 1992",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/financial-markets-and-public-finance-in-the-transformation-process-779",
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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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Author: Vito Tanzi\n- Publication date: April 1, 1992\n- Publication type: IMF Working Papers; Working Paper No. 1992/029\n- Pages: 34\n- Volume: 1992\n- Issue: 029\n- DOI: https://doi.org/10.5089/9781451844719.001\n- Stock No: WPIEA0291992\n- ISBN: 9781451844719\n- ISSN: 1018-5941"
    },
    {
      "heading": "Core findings and themes",
      "content": "- The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe.\n- Highlights three central needs:\n  - (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy;\n  - (b) the need to develop appropriate financial institutions that can mobilize savings and allocate them efficiently;\n  - (c) the major reforms necessary in the fiscal area.\n- Calls attention to the extent to which monetary and fiscal policies overlap in these countries and the implications of that overlapping."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Fiscal policy, Government debt management, Public financial management (PFM), Public sector\n- Keywords: Commercial banks, country, Eastern Europe, enterprise, enterprise manager, government, Government debt management, government program, public finances, Public sector, state bank, state enterprise, WP"
    },
    {
      "heading": "Policy implications and recommendations (as stated)",
      "content": "- Create a “social ecological balance” to support the functioning of a modern market economy.\n- Develop appropriate financial institutions capable of mobilizing savings and allocating them efficiently.\n- Implement major fiscal reforms to adapt public finance to the transformation process.\n- Address the overlapping of monetary and fiscal policies and consider the implications of that overlapping for policy design.\n\nSource: IMF Working Papers — Financial Markets and Public Finance in the Transformation Process (Vito Tanzi, April 1, 1992), Working Paper No. 1992/029\n\n---\n\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/financial-markets-and-public-finance-in-the-transformation-process-779"
    }
  ],
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    "Authors: Vito Tanzi",
    "Published: April 1, 1992",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451844719.001",
    "Author: Vito Tanzi",
    "Publication date: April 1, 1992",
    "Publication type: IMF Working Papers; Working Paper No. 1992/029",
    "Pages: 34",
    "Volume: 1992",
    "Issue: 029",
    "DOI: https://doi.org/10.5089/9781451844719.001",
    "Stock No: WPIEA0291992",
    "ISBN: 9781451844719",
    "ISSN: 1018-5941",
    "The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe.",
    "Highlights three central needs:",
    "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",
    "Create a “social ecological balance” to support the functioning of a modern market economy.",
    "Develop appropriate financial institutions capable of mobilizing savings and allocating them efficiently.",
    "Implement major fiscal reforms to adapt public finance to the transformation process.",
    "Address the overlapping of monetary and fiscal policies and consider the implications of that overlapping for policy design."
  ],
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