Hidden Bibliographic Details
| Other authors / contributors: | Lane, Timothy D. (Timothy David), 1955-
Mourmouras, Alex.
International Monetary Fund. Policy Development and Review Department.
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| ISBN: | 145189094X
9781451890945
1462324878
9781462324873
1452769478
9781452769479
1281603988
9781281603982
9786613784674
6613784672
9781451842791
1451842791
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| 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.
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| 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.
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| Other form: | Print version: Lipschitz, Leslie. Capital flows to transition economies. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451890945.001
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