Capital Flows to Transition Economies : Master or Servant? /

This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences-specifically, the real exchange rate history and trend and the factor intensity of production-can combine to motivate very large capital inflows. T...

詳細記述

書誌詳細
第一著者: Lipschitz, Leslie
その他の著者: Lane, Timothy, Mourmouras, Alex
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2002.
シリーズ:IMF Working Papers; Working Paper ; No. 2002/011
オンライン・アクセス:Full text available on IMF
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100 1 |a Lipschitz, Leslie. 
245 1 0 |a Capital Flows to Transition Economies :   |b Master or Servant? /  |c Leslie Lipschitz, Alex Mourmouras, Timothy Lane. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences-specifically, the real exchange rate history and trend and the factor intensity of production-can combine to motivate very large capital inflows. These inflows can either undermine attempts at monetary restraint or force excessive appreciations. They can also render the economy highly vulnerable to shifts in market sentiment. The policy implications of the analysis are awkward: exposure to global capital markets sets up difficult dilemmas for policy and leads to vulnerabilities that can be reduced but not eliminated. 
538 |a Mode of access: Internet 
700 1 |a Lane, Timothy. 
700 1 |a Mourmouras, Alex. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/011 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/011/001.2002.issue-011-en.xml  |z IMF e-Library