Managing capital flows in Poland, 1995-98
Poland has been encouraging foreign direct investment, including the purchase of company shares, but has been attempting to limit the inflow of speculative short-term capital. The policy so far has been effective without the use of any capital controls. The paper explains the policy and the reasons for its apparent success. The paper also discusses the evolving threats to macroeconomic stability of the Polish economy and policy responses to these threats. Copyright The European Bank for Reconstruction and Development, 1998.
Year of publication: |
1998
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Authors: | Gomulka, Stanislaw |
Published in: |
The Economics of Transition. - European Bank for Reconstruction and Development (EBRD). - Vol. 6.1998, 2, p. 389-396
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Publisher: |
European Bank for Reconstruction and Development (EBRD) |
Saved in:
freely available
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