Late to the game? Capital flows to the Western Balkans / Prepared by Zsóka Kóczán.

By:

Koczan, Zsoka [author.]

Material type: Text

TextSeries: IMF working paper ; WP/17/92.Publisher: [Washington, D.C.] : International Monetary Fund, [2017]Description: 1 online resource (27 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781475594850
1475594852
1475593503
9781475593501

Subject(s):

Genre/Form:

Electronic books.

Additional physical formats: Print version:: Late to the game? Capital flows to the Western Balkans.DDC classification:

338.9 23

LOC classification:

HD82 .K63 2017

Online resources:

EBSCOhost

Abstract: The boom and bust in capital flows to the New Member States of the European Union have received a considerable amount of attention; foreign direct investment and bank flows to the region and countries' participation in regional supply chains have been well-documented. Relatively little has, however, been written about capital flows to the Western Balkans economies, which are often perceived to be 'late arrivals' to large capital flows. This paper aims to examine how capital flows to the Western Balkans compare with flows to the New Member States, in terms of levels as well as dynamics. We find that while financial integration took off somewhat later in the Western Balkans than in the New Member States, it has increased rapidly, despite still much lower capital account openness. Capital inflows as a share of GDP are comparable to those observed in the New Member States, (perhaps surprisingly) diverse in terms of source countries and broadly similar in composition, though with equity shares higher than they were in the New Member States at comparable levels of GDP per capita.

Holdings ( 1 )
Title notes ( 3 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

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Print version record.

The boom and bust in capital flows to the New Member States of the European Union have received a considerable amount of attention; foreign direct investment and bank flows to the region and countries' participation in regional supply chains have been well-documented. Relatively little has, however, been written about capital flows to the Western Balkans economies, which are often perceived to be 'late arrivals' to large capital flows. This paper aims to examine how capital flows to the Western Balkans compare with flows to the New Member States, in terms of levels as well as dynamics. We find that while financial integration took off somewhat later in the Western Balkans than in the New Member States, it has increased rapidly, despite still much lower capital account openness. Capital inflows as a share of GDP are comparable to those observed in the New Member States, (perhaps surprisingly) diverse in terms of source countries and broadly similar in composition, though with equity shares higher than they were in the New Member States at comparable levels of GDP per capita.

Master record variable field(s) change: 050