Capital Inflows to Emerging Economies - Policy Lessons from the Baltic Boom-Bust cycle 2004-2010
This study investigates the effects and policy lessons from the surge of capital inflows that the Baltic countries experienced during the period 2004-2008. We discuss the main risks and policy challenges involved with such an episode and assess what scope there was for policy makers to face these challenges. We also devote some attention to the area of measuring exchange rate pressure by applicati
