𝔖 Bobbio Scriptorium
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Credibility, currency convertibility and the stabilisation of the rouble

✍ Scribed by Volker Hofmann; Friedrich L. Sell

Book ID
112941187
Publisher
Springer-Verlag
Year
1993
Tongue
English
Weight
574 KB
Volume
28
Category
Article
ISSN
0020-5346

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## Abstract For most of the post‐war period, Europe's capital markets remained largely closed to international capital flows. This paper explores the costs of this policy. Using an event‐study methodology, I examine the extent to which restrictions of current and capital account convertibility affe