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Featured researches published by Carlos Végh Gramont.


Archive | 1995

Capital Flows in Central and Eastern Europe: Evidence and Policy Options

Carlos Végh Gramont; Ratna Sahay; Guillermo A. Calvo

This paper examines the nature and composition of capital flows in selected countries in Central and Eastern Europe during 1987–93. The data show that there was a remarkable turnaround in the capital account in 1992–93. This improvement was accompanied by widening current account deficits, an increase in real consumption, and real exchange rate appreciation. In light of these developments, the paper discusses the main macroeconomic concerns raised by capital inflows and lays out the principal policy options relevant for the transition economies.


Currency Substitution in Developing Countries : An Introduction | 1992

Currency Substitution in Developing Countries

Guillermo A. Calvo; Carlos Végh Gramont


Stabilization and Growth in Transition Economies : The Early Experience | 1996

Stabilization and Growth in Transition Economies

Stanley Fischer; Carlos Végh Gramont; Ratna Sahay


Dollarization in Transition Economies : Evidence and Policy Implications | 1995

Dollarization in Transition Economies

Carlos Végh Gramont; Ratna Sahay


Inflation and Stabilization in Transition Economies : A Comparison with Market Economies | 1995

Inflation and Stabilization in Transition Economies

Carlos Végh Gramont; Ratna Sahay


Credibility and the Dynamics of Stabilization Policy : A Basic Framework | 1990

Credibility and the Dynamics of Stabilization Policy

Guillermo A. Calvo; Carlos Végh Gramont


Capital Flows in Central and Eastern Europe : Evidence and Policy Options | 1995

Capital Flows in Central and Eastern Europe

Carlos Végh Gramont; Ratna Sahay; Guillermo A. Calvo


From Transition to Market : Evidence and Growth Prospects | 1998

From Transition to Market

Ratna Sahay; Stanley Fischer; Carlos Végh Gramont


Finanças & Desenvolvimento | 1995

Dolarização em economias em transição

Ratna Sahay; Carlos Végh Gramont


Archive | 1991

Exchange-Rate-Based Stabilization Under Imperfect Credibility - G. A. Calvo and C. A. Vegh

Guillermo A. Calvo; Carlos Végh Gramont

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Ratna Sahay

National Bureau of Economic Research

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Stanley Fischer

National Bureau of Economic Research

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