Real Convergence, Capital Flows, and Monetary Policy : Notes on the European Transition Countries

This paper is about real convergence, capital flows, and monetary policy in the European transition countries. It shows how differences in factor endowments coupled with Balassa-Samuelson real exchange rate effects will motivate capital flows, exacerbate the complexity of monetary policy formulation and implementation, and render the economy particularly sensitive to shifts in risk premia. It then goes on to assess alternative exchange rate regimes in this difficult context

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Year of publication:	2009
Authors:	Lipschitz, Leslie
Other Persons:	Lane, Timothy (contributor) ; Mourmouras, Alexandros (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Kapitalmobilität \| Capital mobility \| Osteuropa \| Eastern Europe \| Kapitalimport \| Capital imports \| Wirtschaftliche Konvergenz \| Economic convergence
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Susan Schadler, EURO ADOPTION IN CENTRAL AND EASTERN EUROPE: OPPORTUNITIES AND CHALLENGES, p. 209, International Monetary Fund, 2005 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 17, 2005 erstellt Volltext nicht verfügbar
Classification:	E00 - Macroeconomics and Monetary Economics. General ; F21 - International Investment; Long-Term Capital Movements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013158798