01825cas a2200277 a 4500 AALejournalIMF008132 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848571 1018-5941 BD-DhAAL BD-DhAAL Mora, Nada. What Moves Capital to Transition Economies? / Nada Mora, Ratna Sahay, Jeromin Zettelmeyer, Pietro Garibaldi. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (47 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 Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment. Portfolio investment was volatile and concentrated in a handful of countries. Regressions show that direct investment can be well explained in terms of economic fundamentals, whereas the presence of a financial market infrastructure and a property-rights indicator are the only explanatory variables that seem to have had a robust effect on portfolio investment. Mode of access: Internet Garibaldi, Pietro. Sahay, Ratna. Zettelmeyer, Jeromin. IMF Working Papers; Working Paper ; No. 2002/064 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/064/001.2002.issue-064-en.xml IMF e-Library