Capital Flows in Central and Eastern Europe : Evidence and Policy Options /
This paper examines the nature and composition of capital flows in selected countries in Central and Eastern Europe during 1987-93. The data show that there was a remarkable turnaround in the capital account in 1992-93. This improvement was accompanied by widening current account deficits, an increa...
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| Other Authors: | , |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1995.
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| Series: | IMF Working Papers; Working Paper ;
No. 1995/057 |
| Online Access: | Full text available on IMF |
| Summary: | This paper examines the nature and composition of capital flows in selected countries in Central and Eastern Europe during 1987-93. The data show that there was a remarkable turnaround in the capital account in 1992-93. This improvement was accompanied by widening current account deficits, an increase in real consumption, and real exchange rate appreciation. In light of these developments, the paper discusses the main macroeconomic concerns raised by capital inflows and lays out the principal policy options relevant for the transition economies. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (48 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |