Cargando…

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...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Catão, Luis (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2006.
Colección:IMF working paper ; WP/06/133.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. PATTERNS OF SUDDEN STOPS
  • III. CAPITAL FLOWS AND CURRENCY CRASHES
  • IV. DOMESTIC FINANCIAL IMPERFECTIONS AND PROCYCLICAL BEHAVIOR
  • V. CONCLUSION
  • REFERENCES