Capital Flows in a Transitional Economy and the Sterilization Dilemma : The Hungarian Case

The Hungarian Case

Capital Flows in a Transitional Economy and the Sterilization Dilemma : The Hungarian Case
This paper compares Hungary's experience with sterilization with that of other capital inflow episodes. The study focuses on the short-run impact of sterilization on monetary policy. The empirical data indicate that sterilized interventions by the National Bank of Hungary (NBH) were not significant until mid-1994, sometime after the return to... READ MORE...

Publication date: August 1996
ISBN 9781451850833
$15.00

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