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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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Catão, Luis (Auteur)
Collectivité auteur: International Monetary Fund. Research Department
Format: Électronique eBook
Langue:Inglés
Publié: [Washington, D.C.] : International Monetary Fund, ©2006.
Collection:IMF working paper ; WP/06/133.
Sujets:
Recessions.
Financial crises > History.
Business cycles > History.
Récessions.
Cycles économiques > Histoire.
Business cycles
Financial crises
Recessions
History
Accès en ligne:Texto completo
Table des matières:
  • Contents
  • I. INTRODUCTION
  • II. PATTERNS OF SUDDEN STOPS
  • III. CAPITAL FLOWS AND CURRENCY CRASHES
  • IV. DOMESTIC FINANCIAL IMPERFECTIONS AND PROCYCLICAL BEHAVIOR
  • V. CONCLUSION
  • REFERENCES

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