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Author Végh Gramont, Carlos A.

Title Capital Flows in Central and Eastern Europe [electronic resource] : Evidence and Policy Options / Carlos A Végh Gramont.

Published Washington, D.C. : International Monetary Fund, 1995.


Location Call No. Status
Physical description 1 online resource (48 p.)
Series IMF Working Papers; Working Paper ; No. 95/57
IMF Working Papers; Working Paper ; No. 95/57
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.
Notes Description based on print version record.
Other author Calvo, Guillermo.
Sahay, Ratna.
Végh Gramont, Carlos A.
Subject Capital Flows
Capital Inflows
Exchange Rate
Real Effective Exchange Rates
Real Exchange Rate
ISBN 1451847742 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451847741.001