TY  - BOOK
AU  - Végh Gramont,Carlos A.
AU  - Calvo,Guillermo
AU  - Sahay,Ratna
AU  - Végh Gramont,Carlos A.
TI  - Capital Flows in Central and Eastern Europe: Evidence and Policy Options 
T2  - IMF Working Papers; Working Paper
SN  - 1451847742 :
SN  - 1018-5941
PY  - 1995///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Capital Flows
KW  - imf
KW  - Capital Inflows
KW  - Exchange Rate
KW  - Real Effective Exchange Rates
KW  - Real Exchange Rate
KW  - Bulgaria
KW  - Slovakia
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/01080-9781451847741/01080-9781451847741/01080-9781451847741.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451847741
ER  -