Financial reforms initiated in most transitional socialist economies do not yet adequately provide many of the financial services associated with market-oriented financial systems. Such services - mobilizing resources, selecting firms and allocating capital, monitoring firm managers, and facilitating the management of transactions and risk - are a necessary condition for economic reform to improve living standards. This article envisages four central...
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详细
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1994/01/31
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日志文章
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12869
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1
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1
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2000/01/20
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Reforming finance in transitional socialist economies
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Finance & Private Sector Development