The mixed blessing of financial inflows

This book investigates recent experience in Central and Eastern Europe and contrasts it with that of Latin America and East Asia, and suggests appropriate policies and lessons to be learned. The authors conclude that many features of, and policy dilemmas faced by, formerly centrally planned economies in Europe are similar to those in other emerging economies.

However, certain unique characteristics such as data limitations and the fragility of the banking and financial systems, compound the problems faced by policymakers in Central and Eastern Europe. This book will prove invaluable to policymakers and scholars interested in and responsible for international finance in transition economies.