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From Capital Flow Bonanza to Financial Crash

Author Info

Listed author(s):
  • Reinhart, Carmen
  • Reinhart, Vincent

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.

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File URL: https://mpra.ub.uni-muenchen.de/11866/1/MPRA_paper_11866.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11866.

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Date of creation: Aug 2008
Publication status: Published in VoxEU-CEPR (2008): pp. 1-9
Handle: RePEc:pra:mprapa:11866
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Web page: https://mpra.ub.uni-muenchen.de

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Keywords: international capital flows; crses procyclical polices;

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Find related papers by JEL classification:
  • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations

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