| LDR | | 03989cam 2200673Ia 4500 |
| 001 | | 000000385513 |
| 005 | | 20180411151501 |
| 006 | | m o d |
| 007 | | cr ||||||||||| |
| 008 | | 120912s2012 dcu ob i000 0 eng d |
| 019 | |
▼a 813209607
▼a 875644181
▼a 876398460
▼a 903698870 |
| 020 | |
▼a 1475584555
▼q (electronic bk.) |
| 020 | |
▼a 9781475584554
▼q (electronic bk.) |
| 024 | 8 |
▼a 10.5089/9781475584554.001 |
| 029 | 1 |
▼a AU@
▼b 000050089628 |
| 029 | 1 |
▼a DEBBG
▼b BV043960048 |
| 029 | 1 |
▼a DEBSZ
▼b 481269606 |
| 035 | |
▼a (OCoLC)809809618
▼z (OCoLC)813209607
▼z (OCoLC)875644181
▼z (OCoLC)876398460
▼z (OCoLC)903698870 |
| 040 | |
▼a DJB
▼b eng
▼e pn
▼c DJB
▼d CUS
▼d OCLCQ
▼d OCLCA
▼d OCLCF
▼d YDXCP
▼d OTZ
▼d OCLCO
▼d OCLCQ
▼d N$T
▼d OCLCQ
▼d AGLDB
▼d 247004 |
| 043 | |
▼a e------
▼a d------ |
| 050 | 4 |
▼a HG3881.5.I58
▼b W67 No. 222eb |
| 072 | 7 |
▼a BUS
▼x 027000
▼2 bisacsh |
| 082 | 04 |
▼a 332.152
▼2 23 |
| 100 | 1 |
▼a Atoyan, Ruben
▼q (Ruben V.). |
| 245 | 14 |
▼a The pre-crisis capital flow surge to emerging Europe :
▼b did countercyclical fiscal policy make a difference?/
▼c prepared by Ruben Atoyan, Albert Jaeger, and Dustin Smith. |
| 260 | |
▼a [Washington, D.C.]:
▼b International Monetary Fund,
▼c ?012. |
| 300 | |
▼a 1 online resource (34 pages). |
| 336 | |
▼a text
▼b txt
▼2 rdacontent |
| 337 | |
▼a computer
▼b c
▼2 rdamedia |
| 338 | |
▼a online resource
▼b cr
▼2 rdacarrier |
| 490 | 1 |
▼a IMF working paper,
▼x 2227-8885;
▼v WP/12/222 |
| 500 | |
▼a Title from PDF title page (IMF Web site, viewed Sept. 12, 2012). |
| 500 | |
▼a "European Department." |
| 500 | |
▼a "September 2012." |
| 504 | |
▼a Includes bibliographical references. |
| 520 | |
▼a A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorption reducing effect, as a tighter fiscal stance acts as a brake on capital flows; and (ii) an unconventional absorption-boosting effect, as a tighter fiscal stance increases investor confidence in the country. The empirical results suggest that push factors (low returns in flow-originating countries), rather than pull factors (high returns in flow-destination countries), drove most of the private capital flows to emerging Europe. And active countercyclical fiscal policy once the fiscal stance is adjusted for the automatic effects on the fiscal position of both internal and external imbalances acted as a brake on capital inflows. However, the empirical results also suggest that, even abstracting from political feasibility and fiscal policy lag considerations, countercyclical fiscal policy alone is unlikely to be an effective policy tool to put an effective brake on sudden capital flow surges. |
| 590 | |
▼a eBooks on EBSCOhost
▼b All EBSCO eBooks |
| 650 | 0 |
▼a Capital movements
▼z Europe
▼x Econometric models. |
| 650 | 0 |
▼a Capital movements
▼z Developing countries
▼x Econometric models. |
| 650 | 0 |
▼a Fiscal policy
▼z Europe
▼x Econometric models. |
| 650 | 0 |
▼a Fiscal policy
▼z Developing countries
▼x Econometric models. |
| 650 | 7 |
▼a BUSINESS & ECONOMICS
▼x Finance.
▼2 bisacsh |
| 650 | 7 |
▼a Capital movements
▼x Econometric models.
▼2 fast
▼0 (OCoLC)fst00846376 |
| 650 | 7 |
▼a Fiscal policy
▼x Econometric models.
▼2 fast
▼0 (OCoLC)fst00925810 |
| 651 | 7 |
▼a Developing countries.
▼2 fast
▼0 (OCoLC)fst01242969 |
| 651 | 7 |
▼a Europe.
▼2 fast
▼0 (OCoLC)fst01245064 |
| 655 | 4 |
▼a Electronic books. |
| 700 | 1 |
▼a Jaeger, Albert, |
| 700 | 1 |
▼a Smith, Dustin, |
| 710 | 2 |
▼a International Monetary Fund.
▼b European Department. |
| 776 | 08 |
▼i Print version:
▼z 9781475584554 |
| 830 | 0 |
▼a IMF working paper ;
▼v WP/12/222. |
| 856 | 40 |
▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568204 |
| 938 | |
▼a EBSCOhost
▼b EBSC
▼n 568204 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 9927224 |
| 938 | |
▼a YBP Library Services
▼b YANK
▼n 10691591 |
| 990 | |
▼a ***1012033 |
| 994 | |
▼a 92
▼b KRDHU |