The recent reversal of capital flows to emerging markets has pointed up the continuing relevance of the sudden stop problem. This paper analyzes the sudden stops in capital flows to emerging markets since 1991. It shows that the frequency and duration of sudden stops have remained largely unchanged, but that the relative importance of different factors in their incidence has changed. In particular, global factors appear to have become more important...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2016/04/13
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Рабочий документ в рамках исследования вопросов политики
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WPS7639
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1
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1
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2016/04/13
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Disclosed
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Managing sudden stops
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capital flow
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Официальная версия документа (может содержать подписи, и т.д.)