Capital Inflows, Sterilization, and Commercial Bank Speculation : The Case of the Czech Republic in the Mid-1990's /

The paper analyzes the relationship between large-scale capital inflows and sterilization efforts in the Czech Republic during 1993-96 using a vector autoregression (VAR) model, which consists of domestic credit, foreign reserves, and domestic and foreign interest rates. The analysis finds that desp...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Christensen, Jakob
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2004.
Cyfres:IMF Working Papers; Working Paper ; No. 2004/218
Mynediad Ar-lein:Full text available on IMF