Finance and convergence : what's ahead for emerging Europe? /

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Bibliographic Details
Author / Creator:Bems, Rudolfs, author.
Imprint:[Washington, D.C.?] : International Monetary Fund, ©2007.
Description:1 online resource (41 pages) : illustrations
Language:English
Series:IMF working paper ; WP/07/244
IMF working paper ; WP/07/244.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/14153308
Hidden Bibliographic Details
Other authors / contributors:Schellekens, Philip, author.
International Monetary Fund. European Department, issuing body.
ISBN:1282558137
9781282558137
Notes:Includes bibliographical references (page 41).
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
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for policymakers. While the "speed limits" to capital inflows may be hard to determine, the costs of breaking them are likely substantial. To ensure "safe driving," policymakers ought to build buffers and reduce vulnerabilities. Equally important, yet often overlooked, is the need to prepare for "the curve ahead"--The reversal of external current account imbalances. To avoid painful adjustments, flexible factor markets and strong financial systems will be more important than ever
Other form:Print version: Bems, Rudolfs. Finance and convergence. [Washington, D.C.?] : International Monetary Fund, ©2007

MARC

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490 1 |a IMF working paper ;  |v WP/07/244 
504 |a Includes bibliographical references (page 41). 
520 3 |a This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for policymakers. While the "speed limits" to capital inflows may be hard to determine, the costs of breaking them are likely substantial. To ensure "safe driving," policymakers ought to build buffers and reduce vulnerabilities. Equally important, yet often overlooked, is the need to prepare for "the curve ahead"--The reversal of external current account imbalances. To avoid painful adjustments, flexible factor markets and strong financial systems will be more important than ever 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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588 0 |a Print version record. 
650 0 |a Finance  |z Europe, Eastern  |x Econometric models. 
650 0 |a Convergence (Economics)  |z Europe, Eastern  |x Econometric models. 
650 0 |a Capital movements  |z Europe, Eastern  |x Econometric models. 
650 6 |a Finances  |z Europe de l'Est  |x Modèles économétriques. 
650 6 |a Rapprochement (Économie)  |z Europe de l'Est  |x Modèles économétriques. 
650 6 |a Mouvements de capitaux  |z Europe de l'Est  |x Modèles économétriques. 
650 7 |a Capital movements  |x Econometric models  |2 fast 
650 7 |a Convergence (Economics)  |x Econometric models  |2 fast 
650 7 |a Finance  |x Econometric models  |2 fast 
651 7 |a Eastern Europe  |2 fast 
700 1 |a Schellekens, Philip,  |e author.  |0 http://id.loc.gov/authorities/names/nr99028201 
710 2 |a International Monetary Fund.  |b European Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/n86100166 
776 0 8 |i Print version:  |a Bems, Rudolfs.  |t Finance and convergence.  |d [Washington, D.C.?] : International Monetary Fund, ©2007  |w (OCoLC)228418358 
830 0 |a IMF working paper ;  |v WP/07/244.  |0 http://id.loc.gov/authorities/names/no89010263 
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