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Managing capital flows in Poland, 1995-98

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  • Stanislaw Gomulka
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    Abstract

    Poland has been encouraging foreign direct investment, including the purchase of company shares, but has been attempting to limit the inflow of speculative short-term capital. The policy so far has been effective without the use of any capital controls. The paper explains the policy and the reasons for its apparent success. The paper also discusses the evolving threats to macroeconomic stability of the Polish economy and policy responses to these threats. Copyright The European Bank for Reconstruction and Development, 1998.

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    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0351.1998.tb00055.x
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    Bibliographic Info

    Article provided by The European Bank for Reconstruction and Development in its journal Economics of Transition.

    Volume (Year): 6 (1998)
    Issue (Month): 2 (November)
    Pages: 389-396

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    Handle: RePEc:bla:etrans:v:6:y:1998:i:2:p:389-396

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    Cited by:
    1. Heather D. Gibson & Euclid Tsakalotos, 2004. "Capital flows and speculative attacks in prospective EU member states," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(3), pages 559-586, 09.
    2. Claudia Buch, 1999. "Capital mobility and EU enlargement," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 135(4), pages 629-656, December.

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