What Moves Capital to Transition Economies? /

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. Port...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Mora, Nada
Weitere Verfasser: Garibaldi, Pietro, Sahay, Ratna, Zettelmeyer, Jeromin
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2002.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2002/064
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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.
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Beschreibung:1 online resource (47 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Zugangseinschränkungen:Electronic access restricted to authorized BRAC University faculty, staff and students