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The Simple Economics of Sudden Stops

Author

Listed:
  • Muhammad, Ejaz

Abstract

This short note looks at the phenomenon of fear of floating -a term first introduced by Calvo (1998)-in case of Pakistan. The analysis shows that the phenomenon was indeed present in episode of volatile aned intermittent capital flows. This phenomenon has never been tested for Pakistan before.

Suggested Citation

  • Muhammad, Ejaz, 2017. "The Simple Economics of Sudden Stops," MPRA Paper 83270, University Library of Munich, Germany, revised 2017.
    • Handle: RePEc:pra:mprapa:83270
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    File URL: https://mpra.ub.uni-muenchen.de/91181/9/MPRA_paper_91181.pdf
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    References listed on IDEAS

    as
    1. Cavallo, Eduardo & Powell, Andrew & Pedemonte, Mathieu & Tavella, Pilar, 2015. "A new taxonomy of Sudden Stops: Which Sudden Stops should countries be most concerned about?," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 47-70.
    2. Guillermo A. Calvo, 1998. "CAPITAL FLOWS AND CAPITAL-MARKET CRISES: The Simple Economics of Sudden Stops," Journal of Applied Economics, Taylor & Francis Journals, vol. 1(1), pages 35-54, November.
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    JEL classification:

    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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