Capital Inflows in the Baltic Countries, Russia, and Other Countries of the Former Soviet Union: Monetary and Prudential Issues
Summary:
Significant capital inflows were observed during the first half of 1995 in a number of FSU countries. This paper reviews the recent experience of those countries with significant inflows, examines policy responses in view of the current macroeconomic and institutional environment, discusses the use of monetary and prudential instruments to sterilize or discourage inflows, and reviews operational considerations for conducting sterilization operations.
Series:
Working Paper No. 1996/022
Subject:
Balance of payments Banking Capital inflows Central banks Inflation Monetary base Monetary policy Money Prices Reserve requirements Sterilization
English
Publication Date:
February 1, 1996
ISBN/ISSN:
9781451921243/1018-5941
Stock No:
WPIEA0221996
Pages:
42
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