International Capital Mobility and Current Account Targeting in Central and Eastern European Countries


Köhler, Matthias


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URL: http://ub-madoc.bib.uni-mannheim.de/1125
URN: urn:nbn:de:bsz:180-madoc-11250
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Subject headings (SWD): Mitteleuropa , Währungsunion , Integration , Geld
Abstract: The paper examines the degree of financial integration in five central and eastern European economies on the basis of saving-investment correlations. A comparison with eleven member states of the European monetary union shows that the countries under review have already reached a higher degree of integration in quantitative terms. Since this approach is sensitive to current account targeting policies, the paper uses econometric techniques to control for these kinds of policies revealing that the central and eastern European countries that suffered from current account crises in the past used policies to balance the current account.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Köhler, Matthias (2005) International Capital Mobility and Current Account Targeting in Central and Eastern European Countries. Open Access [Working paper]
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