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Managing capital flows in Poland, 1995-98

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  • Stanislaw Gomulka

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.

Suggested Citation

  • Stanislaw Gomulka, 1998. "Managing capital flows in Poland, 1995-98," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 389-396, November.
  • Handle: RePEc:bla:etrans:v:6:y:1998:i:2:p:389-396
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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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    1. Halpern, László & Wyplosz, Charles, 1995. "Equilibrium Real Exchange Rates in Transition," CEPR Discussion Papers 1145, C.E.P.R. Discussion Papers.
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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, September.
    2. Samuel GUERINEAU, 1998. "Construction and Assessment of a Mixed Exchange Policy Indicator: Explanation of Polish Inflation," Working Papers 199818, CERDI.
    3. Claudia Buch, 1999. "Capital mobility and EU enlargement," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 135(4), pages 629-656, December.

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