Capital Inflows in the Baltic Countries, Russia, and Other Countries of the Former Soviet Union: Monetary and Prudential Issues

February 1, 1996

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Format: Chicago

Alain Ize. Capital Inflows in the Baltic Countries, Russia, and Other Countries of the Former Soviet Union: Monetary and Prudential Issues, (USA: International Monetary Fund, 1996) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Subject: Balance of payments, Banking, Capital inflows, Central banks, Inflation, Monetary base, Monetary policy, Money, Prices, Reserve requirements, Sterilization

Keywords: Baltics, Bank, Capital inflows, Cost, Financial situation, FSU, FSU country, Inflation, Market, Market liquidity, Monetary base, Monetary policy, Nominal exchange rate, Reserve requirements, Sterilization, Sterilization instrument, WP

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1996/022
Stock No:

WPIEA0221996
ISBN:

9781451921243
ISSN:

1018-5941

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