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

Author/Editor:

Alain Ize

Publication Date:

February 1, 1996

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.

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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