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Original scientific paper
https://doi.org/10.15179/ces.20.2.2

Late to the Game? Capital Flows to the Western Balkans

Zsóka Kóczán   ORCID icon orcid.org/0000-0001-6653-6877 ; International Monetary Fund, Washington, DC, USA

Fulltext: english, pdf (1 MB) pages 33-67 downloads: 502* cite
APA 6th Edition
Kóczán, Z. (2018). Late to the Game? Capital Flows to the Western Balkans. Croatian Economic Survey, 20 (2), 33-67. https://doi.org/10.15179/ces.20.2.2
MLA 8th Edition
Kóczán, Zsóka. "Late to the Game? Capital Flows to the Western Balkans." Croatian Economic Survey, vol. 20, no. 2, 2018, pp. 33-67. https://doi.org/10.15179/ces.20.2.2. Accessed 8 Dec. 2021.
Chicago 17th Edition
Kóczán, Zsóka. "Late to the Game? Capital Flows to the Western Balkans." Croatian Economic Survey 20, no. 2 (2018): 33-67. https://doi.org/10.15179/ces.20.2.2
Harvard
Kóczán, Z. (2018). 'Late to the Game? Capital Flows to the Western Balkans', Croatian Economic Survey, 20(2), pp. 33-67. https://doi.org/10.15179/ces.20.2.2
Vancouver
Kóczán Z. Late to the Game? Capital Flows to the Western Balkans. Croatian Economic Survey [Internet]. 2018 [cited 2021 December 08];20(2):33-67. https://doi.org/10.15179/ces.20.2.2
IEEE
Z. Kóczán, "Late to the Game? Capital Flows to the Western Balkans", Croatian Economic Survey, vol.20, no. 2, pp. 33-67, 2018. [Online]. https://doi.org/10.15179/ces.20.2.2

Abstracts
The boom and bust in capital flows to the New Member States (NMS) has received considerable attention, relatively little has, however, been written about capital flows to the Western Balkans, often perceived to be ‘late arrivals’ to large capital flows. We find that while financial integration took off later in the Western Balkans, it has increased rapidly, despite lower capital account openness. Capital inflows are (perhaps surprisingly) diverse in terms of source countries, but broadly similar in terms of drivers and composition, though with equity shares higher than they were in the NMS at comparable levels of development.

Keywords
capital flows; foreign direct investment; Western Balkans

Hrčak ID: 216052

URI
https://hrcak.srce.hr/216052

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