Short-Term Capital, Economic Transformation, and EU Accession

Arbeitspapier

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt, as short-term debt is typically considered to be highly volatile. The transition economies of Central and Eastern Europe are one group of countries for which policy lessons seem particularly urgent. Not only have these countries liberalized their capital accounts to a quite substantial degree already, membership in the European Union also implies that remaining controls to the free flow of capital will have to be abolished. This paper assesses the experience of the transition economies with liberalizing short-term capital flows, and it analyzes factors affecting the share of short-term capital.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Paper Series 1 ; No. 2002,02

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Investment; Long-term Capital Movements ; Multinational Firms; International Business ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Thema: Short-term debt ; economic transformation ; EU accession ; Internationale Kapitalmobilität ; Auslandsverschuldung ; EU-Erweiterung ; Kapitalmarktliberalisierung ; Übergangswirtschaft ; Osteuropa ; short-term capital flows

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Lusinyan, Lusine ; Buch, Claudia M.
• Ereignis: Veröffentlichung
• (wer): Deutsche Bundesbank
• (wo): Frankfurt a. M.
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/19559
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ