Carlos Végh Gramont
National Bureau of Economic Research
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Archive | 1995
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
Guillermo A. Calvo; Carlos Végh Gramont
Stabilization and Growth in Transition Economies : The Early Experience | 1996
Stanley Fischer; Carlos Végh Gramont; Ratna Sahay
Dollarization in Transition Economies : Evidence and Policy Implications | 1995
Carlos Végh Gramont; Ratna Sahay
Inflation and Stabilization in Transition Economies : A Comparison with Market Economies | 1995
Carlos Végh Gramont; Ratna Sahay
Credibility and the Dynamics of Stabilization Policy : A Basic Framework | 1990
Guillermo A. Calvo; Carlos Végh Gramont
Capital Flows in Central and Eastern Europe : Evidence and Policy Options | 1995
Carlos Végh Gramont; Ratna Sahay; Guillermo A. Calvo
From Transition to Market : Evidence and Growth Prospects | 1998
Ratna Sahay; Stanley Fischer; Carlos Végh Gramont
Finanças & Desenvolvimento | 1995
Ratna Sahay; Carlos Végh Gramont
Archive | 1991
Guillermo A. Calvo; Carlos Végh Gramont