External Finance and Foreign Debt: A Study of the Transition Economies of Central and Eastern Europe

Stefano Manzocchi

Chapter 8 in Foreign Capital in Developing Economies, 1999, pp 153-178 from Palgrave Macmillan

Abstract: Abstract The empirics of Chapters 5–7 are centred on developing market economies, because these economies have been part of the world capital market for a long enough time to allow an application of growth models to the determinants and consequences of foreign capital. Other transforming economies have (re)joined international financial relations in the 1990s: the so-called transition economies of Central and Eastern Europe and Asia. This chapter deals with the determinants and the sustainability of foreign capital inflows in a sub-set of these economies.

Keywords: Foreign Direct Investment; Transition Economy; Capital Inflow; Nominal Exchange Rate; External Debt (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27620-2_8

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DOI: 10.1007/978-1-349-27620-2_8

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