Financing the Transition of Previously Centrally Planned Economies

Steven Symansky; Leonardo Bartolini

doi:10.5089/9781451857443.001.A001

Financing the Transition of Previously Centrally Planned Economies : Macroeconomic Effectson Western Europe

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Volume/Issue:: 1994/157
Series:: IMF Working Papers
Author(s):: Steven Symansky, and Leonardo Bartolini
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: December 1994
DOI:: http://dx.doi.org/10.5089/9781451857443.001
ISBN:: 9781451857443
ISSN:: 1018-5941
Page:: 30

Under alternative assumptions on the likely developments in external financing of PCPE transition, and based on a multi-country, forward-looking model that includes a simplified PCPE block, we simulate the response of PCPEs to a transfer of capital from the industrial countries, and assess the potential implications for Western Europe over the next ten years. Real interest rates in Western Europe are likely to experience only mild upward pressure, and most macroeconomic aggregates are likely to change by substantially smaller magnitudes than typical over the business cycle.

Financing the Transition of Previously Centrally Planned Economies - Macroeconomic Effects on Western Europe

Financing the Transition of Previously Centrally Planned Economies - Macroeconomic Effects on Western Europe

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Financing the Transition of Previously Centrally Planned Economies

Author(s):: Steven Symansky, and Leonardo Bartolini
Published Date:: December 1994

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Financing the Transition of Previously Centrally Planned Economies : Macroeconomic Effectson Western Europe

Financing the Transition of Previously Centrally Planned Economies

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