The IMF and the countries of Eastern Europe |
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Authors: | Petra Pissulla |
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Institution: | 1. HWWA-Institut für Wirtschaftsforschung, Hamburg
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Abstract: | The countries of Eastern Europe need to raise considerable finance not only in order to improve their balances of payments but also to adjust the structure of their economies over the long term to changed internal and external conditions. The adjustment measures require capital, but the Eastern European countries have only limited scope to broaden their own capital base. What actual or potential significance does the international Monetary Fund have for overcoming the difficulties of the CMEA countries in question? |
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