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Is lack of funds the main obstacle to growth?

This paper discusses the shortcomings of the financial system in the countries of central and eastern Europe and their implications in terms of the severity of the liquidity constraint for SMEs in transition. The paper also analyses the fundamental principles on which EBRD policy to finance SMEs is based.

Link http://www.ebrd.org/pubs/econo/wp0033.htm
Author Pissarides, F.
Date 01-Nov-1998
Institute EBRD
Tags CEE, SME, transition

See also

  1. Central Bank Independence in Transition Economies
  2. Concept of forming information society in Russia
  3. Fiscal federalism in Switzerland : relevant issues for transition economies in Central and Eastern Europe
  4. Macroeconomic and financial stability: transition and East Asian “contagion”
  5. Flexible mechanisms under the Kyoto Protocol in Central and Eastern Europe

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