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E-RESOURCE
Author Mora, Nada.

Title What Moves Capital to Transition Economies? [electronic resource] / Nada Mora.

Published Washington, D.C. : International Monetary Fund, 2002.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
Physical description 1 online resource (47 p.)
Series IMF Working Papers; Working Paper ; No. 02/64
IMF Working Papers; Working Paper ; No. 02/64
Summary 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.
Notes Description based on print version record.
Other author Garibaldi, Pietro.
Mora, Nada.
Sahay, Ratna.
Zettelmeyer, Jeronimo.
Subject Comparative Economic Systems: General
Direct Investment
Financial Aspects of Economic Integration
Investment Flows
Investment Restrictions
Portfolio Investment
ISBN 1451848579 : 15.00 USD
9781451848571
ISSN 1018-5941
Standard Number 10.5089/9781451848571.001