From Capital Flow Bonanza to Financial Crash
Abstract
The standard pattern: capital flows into the new “hot” nation, but then stop or reverses forcing painful adjustment. This column presents research based on such episodes from 181 nations during 1980-2007 and for a subset of 66 nations for the 1960-2007 period. If the pattern of the past few decades holds true, emerging market economies may be facing a darkening future.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11866.Length:
Date of creation: Aug 2008
Date of revision:
Handle: RePEc:pra:mprapa:11866
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Related research
Keywords: international capital flows; crses procyclical polices;Find related papers by JEL classification:
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
This paper has been announced in the following NEP Reports:
- NEP-ACC-2008-12-07 (Accounting & Auditing)
- NEP-ALL-2008-12-07 (All new papers)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carmen M. Reinhart & Kenneth S. Rogoff, 2008. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," NBER Working Papers 13882, National Bureau of Economic Research, Inc.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Military Keynesianism and the War on Terror
by Thomas Oatley in International Political Economy at the University of North Carolina on 2013-03-19 00:28:00
Cited by:
- Andrew K. Rose & Mark M. Spiegel, 2009.
"Cross-country causes and consequences of the 2008 crisis: early warning,"
Working Paper Series
2009-17, Federal Reserve Bank of San Francisco.
- Andrew K. Rose & Mark M. Spiegel, 2009. "Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning," NBER Working Papers 15357, National Bureau of Economic Research, Inc.
- Rose, Andrew K & Spiegel, Mark, 2009. "Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning," CEPR Discussion Papers 7354, C.E.P.R. Discussion Papers.
- Andrew K. Rose & Mark M. Spiegel, . "Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning," Working Papers 6, Department of the Treasury, Ministry of the Economy and of Finance.
- Reinhart, Carmen & Reinhart, Vincent, 2008. "Is the US too big to fail?," MPRA Paper 12976, University Library of Munich, Germany.
- Christine Erhel & Iain Begg & Jorgen Mortensen, 2010. "Medium term employment challenges of the Lisbon strategy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00616806, HAL.
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