Southern enlargement of the European Union and capital account liberalization: lessons for Central and Eastern Europe
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Kiel
Inst. für Weltwirtschaft
1998
|
| Series: | Kieler Arbeitspapiere
871 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 62 S. graph. Darst. |
Staff View
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Record in the Search Index
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Contents
1. THE ISSUE 1
2. CAPITAL ACCOUNT LIBERALIZATION AND GROWTH 3
2.1 What is Special About Enlargement? 4
2.2 How can Economic Growth be Explained? 7
2.3 Is there a Case for Capital Controls? 11
3. ENLARGEMENT AND CAPITAL FLOWS — THE STYLIZED
FACTS 15
3.1 Effectiveness of Capital Controls 18
3.2 Structure of Capital Flows 20
3.3 Southern versus Eastern Europe 24
3.4 German Capital Exports 28
3.5 Market Opportunities and Portfolio Choice 36
4. ENLARGEMENT, INVESTMENT, AND GROWTH 47
5. THE MESSAGE FOR THE TRANSITION ECONOMIES 54
6. REFERENCES 57
List of Tables
Table 1 — Liberalization of Capital Flows by the EU's Southern Members 17
Table 2 — Capital Inflows and Investment Pre and Post Accession to the EU 21
Table 3 — Structure of Total Capital Inflows 1975 1996 24
Table 4 — Share (in Percent) of Southern and Eastern Europe in Germany's
Gross Capital Exports 1971 1997 28
Table 5 — Monthly Bond and Equity Returns in Eastern and Western Europe
1994 1998 61
Table 6 — Unit Root Tests for European Stock Market Indices 1994 1998 44
Table 7 — Cointegration of Stock Markets in Europe with the German Stock
Market 46
List of Graphs
Graph 1 — Net Capital Inflows in Percent of GDP 1975 1995 22
Graph 2 — Gross Capital Inflows in Percent of GDP 1975 1995 22
Graph 3 — Total Capital Inflows (billion US DoUar)1975 1996 27
Graph 4 — German Net Capital Exports (billion DM) 1971 1997 30
Graph 5 — German Gross Capital Exports by Region (billion DM) 1971 1997 33
Graph 6 — GDP Growth 1970 1995 48
Graph 7 — Fixed Investment in Percent of GDP 1970 1996 48
Graph 8— Convergence in the European Union 1960 1997 51 |
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| author | Buch, Claudia M. 1966- Heinrich, Ralph P. Piazolo, Daniel |
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| bvnumber | BV012149755 |
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| publishDate | 1998 |
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| spelling | Buch, Claudia M. 1966- Verfasser (DE-588)132509210 aut Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe by Claudia M. Buch, Ralph P. Heinrich, Daniel Piazolo Kiel Inst. für Weltwirtschaft 1998 62 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Kieler Arbeitspapiere 871 Europäische Union (DE-588)5098525-5 gnd rswk-swf Internationale Kapitalbewegung (DE-588)4162044-6 gnd rswk-swf Erweiterung (DE-588)4128080-5 gnd rswk-swf Osteuropa (DE-588)4075739-0 gnd rswk-swf Mittelmeerraum (DE-588)4074900-9 gnd rswk-swf Europäische Union (DE-588)5098525-5 b Erweiterung (DE-588)4128080-5 s Mittelmeerraum (DE-588)4074900-9 g Internationale Kapitalbewegung (DE-588)4162044-6 s DE-604 Osteuropa (DE-588)4075739-0 g Heinrich, Ralph P. Verfasser aut Piazolo, Daniel Verfasser aut Kieler Arbeitspapiere 871 (DE-604)BV000000922 871 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008228957&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Buch, Claudia M. 1966- Heinrich, Ralph P. Piazolo, Daniel Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe Kieler Arbeitspapiere Europäische Union (DE-588)5098525-5 gnd Internationale Kapitalbewegung (DE-588)4162044-6 gnd Erweiterung (DE-588)4128080-5 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4162044-6 (DE-588)4128080-5 (DE-588)4075739-0 (DE-588)4074900-9 |
| title | Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe |
| title_auth | Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe |
| title_exact_search | Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe |
| title_full | Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe by Claudia M. Buch, Ralph P. Heinrich, Daniel Piazolo |
| title_fullStr | Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe by Claudia M. Buch, Ralph P. Heinrich, Daniel Piazolo |
| title_full_unstemmed | Southern enlargement of the European Union and capital account liberalization lessons for Central and Eastern Europe by Claudia M. Buch, Ralph P. Heinrich, Daniel Piazolo |
| title_short | Southern enlargement of the European Union and capital account liberalization |
| title_sort | southern enlargement of the european union and capital account liberalization lessons for central and eastern europe |
| title_sub | lessons for Central and Eastern Europe |
| topic | Europäische Union (DE-588)5098525-5 gnd Internationale Kapitalbewegung (DE-588)4162044-6 gnd Erweiterung (DE-588)4128080-5 gnd |
| topic_facet | Europäische Union Internationale Kapitalbewegung Erweiterung Osteuropa Mittelmeerraum |
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