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Currency Convertibility in Eastern Europeby John Williamson

✍ Scribed by Review by: William Diebold Jr.


Book ID
125235594
Publisher
Council on Foreign Relations
Year
1992
Tongue
English
Weight
186 KB
Volume
71
Category
Article
ISSN
0015-7120

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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