THE SYSTEM OF PLANS AS A BASE FOR FORMING THE INVESTMENT POLICY OF VARIOUS MANAGEMENT LEVELS
The role of planning becomes more important nowadays, especially for investment managers, who create investment policy on the levels of firm, region and state. On the state level investment policy should be based on the plans of economy development. This plan should include both the aggregate of directory indices and indicative criteria. The plan should be based on the balance of inflows and outflows. Taking into account this fact we can make a conclusion that the mechanism of coordinating the plans of different levels adopted to market economy is really needed.