Capital Flows to Central and Eastern Europe

Philip Lane and Gian Maria Milesi-Ferretti ()

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: We examine the evolution of the external position in CEE countries over the past decade, with a strong emphasis on the composition of the international balance sheet. We assess the extent of their international financial integration, in comparison to the advanced economies and other emerging markets, and highlight the most salient features of their external capital structure in terms of the relative importance of FDI, portfolio equity, and external debt. In addition, we briefly describe the bilateral and currency composition of their external liabilities. Finally, we explore the implications of the accumulated stock of external liabilities for future trade and current account balances.

Date: 2006-08-02
New Economics Papers: this item is included in nep-cba, nep-eec and nep-fmk
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Citations: View citations in EconPapers (27)

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Related works:
Journal Article: Capital flows to central and Eastern Europe (2007)
Working Paper: Capital Flows to Central and Eastern Europe (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:iis:dispap:iiisdp161

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