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Mobilization of Savings in Eastern European Countries: The Role of the State

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  • Mr. Vito Tanzi

Abstract

As the countries of Eastern and Central Europe transform their economies from centrally–planned to market–oriented, the question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed. This paper argues that the issue of a good allocation of savings must precede that of mobilization. Much evidence suggests that major distortions have, in the past, dramatically reduced the productivity of investment. The paper discusses some of the institutional changes that will be necessary to ensure a better allocation of savings.

Suggested Citation

  • Mr. Vito Tanzi, 1991. "Mobilization of Savings in Eastern European Countries: The Role of the State," IMF Working Papers 1991/004, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/004
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    Citations

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    Cited by:

    1. Katarina Ott, 1998. "Tax Administration Reform in Transition: The Case of Croatia," Occasional paper series 05, Institute of Public Finance.
    2. Emil-Maria Claassen, 1993. "Cleaning the balance sheets of commercial banks in Eastern Europe and their role in corporate governance," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 129(3), pages 600-609, September.
    3. Vito Tanzi, 1994. "Reforming public finances in economies in transition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 1(2), pages 149-163, October.

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