Series: IMF Working Papers
Author(s): Philip Schellekens , and Rudolfs Bems
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 November 2007
Keywords: convergence, general equilibrium, capital inflows, capital markets, nontradable goods, current account deficits, current account deficit,
This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies p...