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Végh Gramont, Carlos A.

Capital Flows in Central and Eastern Europe Evidence and Policy Options / Carlos A Végh Gramont. [electronic resource] : Carlos A Végh Gramont. - Washington, D.C. : International Monetary Fund, 1995. - 1 online resource (48 p.) - IMF Working Papers; Working Paper ; No. 95/57 . - IMF Working Papers; Working Paper ; No. 95/57 .

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.

ISBN: 1451847742 : 15.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451847741.001 doi

Subjects--Topical Terms:
Capital Flows
Capital Inflows
Exchange Rate
Real Effective Exchange Rates
Real Exchange Rate

Subjects--Geographic Terms:
Bulgaria
Slovakia