Buch, Claudia M.; Heinrich, Ralph P.; Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 1998
This paper discusses whether the implementation of a tax on short-term capital flows can make the transition economies … steady state. This induces an overshooting of the exchange rate if super efficient financial markets react faster than goods …-term capital inflows. Section 4 gives an account of the structure of capital flows of the transition economies and of the …