Capital flows to transition economies : master or servant? /

Capital flows to transition economies : master or servant? /

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Bibliographic Details
Author / Creator:	Lipschitz, Leslie.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2002.
Description:	1 online resource (35 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/02/11 IMF working paper ; WP/02/11.
Subject:	Capital movements -- Europe, Central -- Econometric models. Capital movements -- Europe, Eastern -- Econometric models. Balance of payments -- Europe, Central -- Econometric models. Balance of payments -- Europe, Eastern -- Econometric models. Balance of payments -- Econometric models. Capital movements -- Econometric models. Economic policy -- Econometric models. Europe, Central -- Economic policy -- Econometric models. Europe, Eastern -- Economic policy -- Econometric models. Central Europe. Eastern Europe.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496236

Hidden Bibliographic Details
Other authors / contributors:	Lane, Timothy D. (Timothy David), 1955- Mourmouras, Alex. International Monetary Fund. Policy Development and Review Department.
ISBN:	145189094X 9781451890945 1462324878 9781462324873 1452769478 9781452769479 1281603988 9781281603982 9786613784674 6613784672 9781451842791 1451842791
Notes:	Includes bibliographical references (pages 33-35). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influencesspecifically, the real exchange rate history and trend and the factor intensity of productioncan combine to motivate very large capital inflows. These inflows can either undermine attempts at monetary restraint or force excessive appreciations. They can also render the economy highly vulnerable to shifts in market sentiment. the policy implications of the analysis are awkward: exposure to global capital markets sets up difficult dilemmas for policy and leads to vulnerabilities that can be reduced but not eliminated.
Other form:	Print version: Lipschitz, Leslie. Capital flows to transition economies. [Washington, D.C.] : International Monetary Fund, ©2002
Standard no.:	10.5089/9781451890945.001

Description
Summary:	This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences--specifically, the real exchange rate history and trend and the factor intensity of production--can combine to motivate very large capital inflows. These inflows can either undermine attempts at monetary restraint or force excessive appreciations. They can also render the economy highly vulnerable to shifts in market sentiment. The policy implications of the analysis are awkward: exposure to global capital markets sets up difficult dilemmas for policy and leads to vulnerabilities that can be reduced but not eliminated.
Physical Description:	1 online resource (35 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 33-35).
ISBN:	145189094X 9781451890945 1462324878 9781462324873 1452769478 9781452769479 1281603988 9781281603982 9786613784674 6613784672 9781451842791 1451842791
ISSN:	2227-8885 ;