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Capital Flows in Central and Eastern Europe
Ms.Ratna SahayMr.Guillermo CalvoMr.Carlos A. Végh Gramont
其他書名
Evidence and Policy Options
出版International Monetary Fund, 1995-06-01
主題Business & Economics / Exports & ImportsBusiness & Economics / Foreign Exchange
ISBN14518477429781451847741
URLhttp://books.google.com.hk/books?id=jlMYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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.