Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the EU's New Member States

Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the EU's New Member States
This paper discusses the experience of the EU's eight new member countries (EU8) between 1995 and 2003 when the bulk of capital account liberalization took place, focusing on interest-rate-sensitive portfolio flows and financial flows. It takes stock of the lessons from capital flow patterns to draw policy conclusions. There were two distinct... READ MORE...

Publication date: November 2005
ISBN 9781451862324
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