Managing capital flows: Experiences from Central and Eastern Europe

Managing Capital Flows: The Search for a Framework

Volumn , Issue , 2010, Pages 192-213

  von Hagen, Jürgen ^a,b,c   Siedschlag, Iulia ^d  

^a UNIVERSITY OF BONN   (Germany)

^b INDIANA UNIVERSITY   (United States)

^c CEPR   (United Kingdom)

^d ECONOMIC AND SOCIAL RESEARCH INSTITUTE   (Ireland)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84879044656     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (38)

1. Ahearne, A., B. Schmitz and J. von Hagen (2007), 'Current account imbalances in the euro area', Mimeo, University of Bonn and Bruegel, Brussels.
2. Alfaro, L., S. Kalemli-Ozcan and V. Volosovych (2003), 'Why doesn't capital flow from rich countries to poor countries? an empirical investigation', Working Paper, University of Houston.
3. Arvai, Z. (2005), 'Capital account liberalization, capital flow patterns, and policy responses in the EU's new member states', IMF Working Paper 05/213.
4. Backe, C. and C. Thimann (team leaders), O. Arratibel, O. Calvo-Gonzalez, A. Mehl and C. Nerlich (2004), 'The acceding countries' strategies towards ERM II and the euro: an analytical review', European Central Bank Occasional Paper No. 10.
5. Begg, D., B. Eichengreen, L. Halpern, J. von Hagen, and C. Wyplosz (2003), 'Sustainable regimes of capital movements in accession countries', CEPR Policy Paper 10, London: CEPR.
6. Borio, C. and P. Lowe (2004), 'Securing sustainable price stability: should credit come back from the wilderness?', BIS Working Paper No. 157.
7. Buiter, W.H. and C. Grafe (2002), 'Anchor, float, or abandon ship: exchange rate regimes for accession countries', Working Paper, European Bank for Reconstruction and Development.
8. Calvo, Guillermo (2002), 'Globalization hazard and delayed reform in emerging markets', Economia, 2, 1-29.
9. Calvo, G. (2003), 'Explaining sudden stop, growth collapse, and BOP crises. The case of distortionary output taxes', IMF Staff Papers, 50, 1-20.
10. Calvo, G. and C. Reinhart (1999), 'When capital inflows come to a sudden stop: consequences and policy options', Working Paper, University of Maryland.
11. Calvo, G., A. Izquierdo and L. F. Mejia (2004), 'On the empirics of sudden stops: the relevance of balance sheet effects', NBER Working Paper 10520.
12. Chinn, M. and H. Ito (2006), 'What matters for financial development? Capital controls, institutions and interactions', Journal of Development Economics, 81 (1), 163-92.
13. Detken, C. and V. Gaspar (2004), 'Fearless floating: maintaining price stability in a small open economy', mimeo, European Central Bank.
14. EBRD (European Bank for Reconstruction and Development) (2006), Transition Report 2006, London: EBRD.
15. Grilli, V. and G.M. Milesi-Ferretti (1995), 'Economic effects and structural deter-minants of capital controls', IMF Staff Papers, 42(3), 517-51.
16. Grogan, L. and L. Moers (2001), 'Growth empirics with institutional measures for transition countries', Economic Systems, 25, 323-44.
17. Hauner, D. (2005), 'A fiscal price tag for international reserves', IMF Working Paper 05/81.
18. Hausmann, R., E. Stein and U. Panizza (2001), 'Why countries float the way they float', Journal of Economic Development, 66, 387-414.
19. Ho, T.K. and J. von Hagen (2007), 'Money market pressure and the determinants of banking crises', Journal of Money, Credit, and Banking, 39(5), 1003-35.
20. IMF (International Monetary Fund) (2003), World Economic Outlook, Washington DC: International Monetary Fund.
21. IMF (2007), 'Reaping the benefits of financial globalization', IMF Discussion Paper, No. 06/07, June, Research Department.
22. Jonas, J. (2004), 'Comments on Jürgen von Hagen, fiscal positions and sustain-ability - policy challenges for EU accession countries', IMF-CNB Conference on Euro Adoption, Prague, February.
23. Kaminsky, G. and C. Reinhardt (1999), 'The twin crises: the causes of banking and balance-of-payments problems', American Economic Review, 89, 473-500.
24. Kopits, G. (2000), 'How can fiscal policy help avert currency crises?', IMF Working Paper 00/185.
25. Kose, M.A., E. Prasad, K. Rogoff and S.J. Wei (2006), 'Financial globalization: a reappraisal', IMF Working Paper 06/189.
26. Lane, P.R. and G.M. Milesi-Ferretti (2006), 'The external wealth of nations mark II: revised and extended estimates of foreign assets and liabilities, 1970-2004', IMF Working Paper 06/69.
27. Lane, P.R. and G.M. Milesi-Ferretti (2007), 'Capital flows to Central and Eastern Europe', Emerging Markets Review, 8(2), 106-23.
28. Lipschitz, L. (2004), 'Real convergence, capital flows, and monetary policy: notes on the European transition countries', mimeo, IMF.
29. Lipschitz, L., T. Lane and A. Mourmouras (2002), 'Capital flows to transition economies: master or servant?', IMF Working Paper 2/11.
30. Miniane, J. (2004), 'A new set of measures on capital account restrictions', IMF Staff Papers, 51(2), 276-308.
31. MNB (National Bank of Hungary) (2003), Annual Report for 2002, Budapest: MNB.
32. Mody, A. and A.P. Murshid (2005), 'Growing up with capital flows', Journal of International Economics, 65(1), 249-66.
33. OECD (2004), Economic Survey of the Slovak Republic, Paris: Organisation for Economic Co-operation and Development.
34. Prasad, E.S., K. Rogoff, S.J. Wei and M.A. Kose (2003), 'Effects of financial glo-balization on developing countries: some empirical evidence', IMF Occasional Paper No. 220.
35. Quinn, D. (2003), 'Capital account liberalization and financial globalization, 1890-1999: a synoptic view', International Journal of Finance and Economics, 8(3), 189-204.
36. von Hagen, J. and J. Zhou (2004), 'Exchange rate policies on the last stretch', in G. Szapari and J. von Hagen (eds), Monetary Strategies for Accession Countries, Cheltenham, UK and Northampton, MA, USA: Edward Elgar, pp. 41-73.
37. von Hagen, J. and I. Traistaru-Siedschlag (2006), 'Macroeconomic adjustment in the new EU member states', SUERF Studies No. 2006/4, Vienna: European Money and Finance Forum.
38. World Bank (2006), Global Development Finance Report, Washington DC: World Bank.