Series: IMF Working Papers
Author(s): Leslie Lipschitz , Alex Mourmouras , and Timothy Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2002
Keywords: convergence, macroeconomic policy, capital inflows, exchange rate, real appreciation, capital market, Money And Interest Rates,
This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences—specifically, the real exchange rate history and trend...