Abstract
Substantial private capital inflows have been a fact of life for many of Europe’s transition economies over the past decade (Figure A1).1 Capital flows to economies undergoing far-reaching structural change are to be expected, as they reflect investment opportunities in excess of those that can be financed by domestic savings.
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Lane, T., Lipschitz, L., Mourmouras, A. (2003). Capital Flows to Transition Economies: Reasons, Risks, and Policy Responses. In: Lane, T., Oding, N., Welfens, P.J.J. (eds) Real and Financial Economic Dynamics in Russia and Eastern Europe. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55512-1_2
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DOI: https://doi.org/10.1007/978-3-642-55512-1_2
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