Capital Flows to Transition Economies : Master or Servant?

Master or Servant?

Capital Flows to Transition Economies : Master or Servant?
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... READ MORE...

Publication date: January 2002
ISBN 9781451842791
$15.00

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