Sudden Stops and Currency Drops : A Historical Look /

This paper shows that recent manifestations of sudden stops (SSs) in international capital flows have striking parallels in the early financial globalization era preceding World War I. All main capital-importing countries then faced episodic capital flow reversals averaging some 5 percent of GDP and...

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Detalhes bibliográficos
Autor principal: Catao, Luis
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2006.
coleção:IMF Working Papers; Working Paper ; No. 2006/133
Acesso em linha:Full text available on IMF