Resource title

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

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Resource description

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.

Resource author

Matthias Köhler

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24143

Resource license

Adapt according to the presented license agreement and reference the original author.