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Capital Flows in a Transitional Economy and the Sterilization Dilemma

Capital Flows in a Transitional Economy and the Sterilization Dilemma »

Source: Capital Flows in a Transitional Economy and the Sterilization Dilemma : The Hungarian Case

Volume/Issue: 1996/86

Series: IMF Working Papers

Author(s): Pierre Siklos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1996

ISBN: 9781451850833

Keywords: exchange rate, real exchange rate, money demand, national bank

This paper compares Hungary’s experience with sterilization with that of other capital inflow episodes. The study focuses on the short-run impact of sterilization on monetary policy. The empirical data indic...

Capital Flows in a Transitional Economy and the Sterilization Dilemma
			: The Hungarian Case

Capital Flows in a Transitional Economy and the Sterilization Dilemma : The Hungarian Case »

Volume/Issue: 1996/86

Series: IMF Working Papers

Author(s): Pierre Siklos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1996

DOI: http://dx.doi.org/10.5089/9781451850833.001

ISBN: 9781451850833

Keywords: exchange rate, real exchange rate, money demand, national bank

This paper compares Hungary’s experience with sterilization with that of other capital inflow episodes. The study focuses on the short-run impact of sterilization on monetary policy. The empirical data indic...