Capital Inflows and Convertibility in the Transforming Economies of Central Europe

Lucjan Orlowski

Chapter 5 in EU Enlargement and its Macroeconomic Effects in Eastern Europe, 1999, pp 116-150 from Palgrave Macmillan

Abstract: Abstract Central European transforming economies have all experienced considerable capital inflows once their initial inflation shock expired and their national income started to grow. These capital inflows are induced by both domestic and external economy conditions. The economic reforms in these countries have increased demand for money and have improved productivity. These improvements in domestic economy conditions have invited capital inflows from abroad. In addition, international interest rates have been falling since 1994, which promoted capital allocations in Central European countries still perceived as emerging market economies by international capital investors.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Central Bank; Domestic Currency (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-50247-5_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230502475

DOI: 10.1057/9780230502475_5

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().