01709cas a2200265 a 4500 AALejournalIMF003763 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847741 1018-5941 BD-DhAAL BD-DhAAL Vegh Gramont, Carlos. Capital Flows in Central and Eastern Europe : Evidence and Policy Options / Carlos Vegh Gramont, Ratna Sahay, Guillermo Calvo. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Calvo, Guillermo. Sahay, Ratna. IMF Working Papers; Working Paper ; No. 1995/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/057/001.1995.issue-057-en.xml IMF e-Library