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Financial Markets and Public Finance in the Transformation Process

Author

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  • Mr. Vito Tanzi

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.

Suggested Citation

  • Mr. Vito Tanzi, 1992. "Financial Markets and Public Finance in the Transformation Process," IMF Working Papers 1992/029, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1992/029
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    Citations

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    Cited by:

    1. Garabed Minassian, 1994. "The Bulgarian economy in transition: Is there anything wrong with macroeconomic policy?," Europe-Asia Studies, Taylor & Francis Journals, vol. 46(2), pages 337-351.
    2. Eirik Svindland, 1993. "Geld- und Fiskalpolitik im Transformationsprozess," Discussion Papers of DIW Berlin 74, DIW Berlin, German Institute for Economic Research.
    3. Mohammed M. Saleh, 2017. "United Notation 2030 Agenda for Sustainable Development Goals: Appraisal and Prospects," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, September.
    4. Csaba, László, 1995. "A nemzetközi pénzügyi szervezetek és a keleteurópai rendszerátalakító politika [International financial organizations and the East European policies aimed at systemic transformation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 117-138.

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