Research Catalog
Float in Order to Fix? Lessons from Emerging Markets for EU Accession Countries
- Title
- Float in Order to Fix? [electronic resource]: Lessons from Emerging Markets for EU Accession Countries / Jorge Braga de Macedo and Helmut Reisen
- Author
- Macedo, Jorge Braga de.
- Publication
- Paris : OECD Publishing, 2003.
Available Online
Details
- Additional Authors
- Reisen, Helmut.
- Description
- 32 p.; 21 x 29.7cm.
- Summary
- The so-called "accession economies" preparing to enter the European Union are experiencing increased inward capital flows based upon positive interest spreads and expectations of currency appreciation. While the authorities of these countries have tried to manage these flows and to prevent unjustified appreciation of their currencies, the policy mix they may be tempted to apply can benefit from experiences elsewhere.Episodes of heavy capital inflows are well known to emerging markets and have often ended in tears. The 1990s saw three separate regional currency crises: the European crisis of 1992-93, the Latin American crisis 1994-95, and the Asian crisis 1997- 98 followed by crises in Russia and Brazil, and recently by Turkey and Argentina.Obviously, a major currency crisis every 24 months is too much for policy makers' comfort. The virulence, speed and contagion of financial crises that have hit prospective entrants to rich-country clubs repeatedly over the past two decades have ...
- Series Statement
- OECD Development Centre Working Papers, 1815-1949 ; no.218
- Uniform Title
- OECD Development Centre Working Papers, no.218.
- Subject
- Development
- LCCN
- 10.1787/664633553338
- OCLC
- oecd-lib-003598
- Author
- Macedo, Jorge Braga de.
- Title
- Float in Order to Fix? [electronic resource]: Lessons from Emerging Markets for EU Accession Countries / Jorge Braga de Macedo and Helmut Reisen
- Imprint
- Paris : OECD Publishing, 2003.
- Series
- OECD Development Centre Working Papers, 1815-1949 ; no.218OECD Development Centre Working Papers, 1815-1949 ; no.218.
- Connect to:
- Indexed Term
- Development
- Added Author
- Reisen, Helmut.
- Other Standard Identifier
- 10.1787/664633553338 doi