Opportunities and Risks in Central European Finances (European Union Accession)
Publisher: World Bank Publications
Published: December 2000
Language: eng
Format: Paperback
Number of pages: 368
ISBN-13: 9780821347126
Subjects: EU & European institutions; International finance; Investment & securities; European Economic Community; Monetary Policy; Business & Economics; Business / Economics / Finance; Business/Economics; EU (European Union); Finance; International - General; Case studies; Economic integration; Europe, Central; European Union
Description: The recent emerging market crises in Asia and other regions suggests that while international capital inflows can make recipient economies stronger, they can potentially also increase the vulnerability of these economies to financial market crises. Two of the most notable sources of vulnerability are the quality of domestic financial intermediation and the speculative nature of some investment flows. 'Opportunities and Risks in Central European Finances' examines the nature of capital flows in the region, seeking to explain its dynamics, and potential sources of vulnerability. The book also appraises some potential costs that could be associated with a financial crisis. Finally, it presents views on how to manage these risks more effectively.