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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Xehetasun bibliografikoak
Egile nagusia: Catao, Luis
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2006.
Saila:IMF Working Papers; Working Paper ; No. 2006/133
Sarrera elektronikoa:Full text available on IMF