Financial Markets and Public Finance in the Transformation Process

Vito Tanzi

No 1992/029, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; state enterprise; government; enterprise; country; enterprise manager; state bank; government program; public finances; Commercial banks; Public sector; Government debt management; Eastern Europe (search for similar items in EconPapers)
Pages: 34
Date: 1992-04-01
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1992/029

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