Financial diversification, sudden stops, and sudden starts
The financial crises of the second half of the 1990s have led to renewed interest in the causes and consequences of international capital flows. Sudden stops, defined as large drops in net capital inflows, have received particular attention, given the collapses in output and investment commonly asso...
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Banco Central de Chile
2019
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oai-20.500.12580-37352021-04-24T11:01:19Z Financial diversification, sudden stops, and sudden starts Cowan, Kevin, 1970- De Gregorio, José Neilson M., Christopher CRISIS FINANCIERA MOVIMIENTOS DE CAPITAL MERCADO FINANCIERO The financial crises of the second half of the 1990s have led to renewed interest in the causes and consequences of international capital flows. Sudden stops, defined as large drops in net capital inflows, have received particular attention, given the collapses in output and investment commonly associated with these events. The premise in most of the recent literature on sudden stops is that emerging market economies are exposed to large fluctuations in the supply of international capital, as a result of imperfections in international financial markets (see Calvo, Izquierdo, and Mejía, 2004, Guidotti, Sturzenegger, and Villar, 2004, Frankel and Cavallo, 2004). In this literature, Wall Street is either the carrier of financial contagion or the originator of the shock itself. 2019-11-01T00:04:01Z 2019-11-01T00:04:01Z 2008 Artículo 978-956-7421-30-5 https://hdl.handle.net/20.500.12580/3735 eng Series on Central Banking, Analysis, and Economic Policies, no. 12 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 159-194 application/pdf Banco Central de Chile |
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eng |
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CRISIS FINANCIERA MOVIMIENTOS DE CAPITAL MERCADO FINANCIERO |
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CRISIS FINANCIERA MOVIMIENTOS DE CAPITAL MERCADO FINANCIERO Cowan, Kevin, 1970- De Gregorio, José Neilson M., Christopher Financial diversification, sudden stops, and sudden starts |
description |
The financial crises of the second half of the 1990s have led to renewed interest in the causes and consequences of international capital flows. Sudden stops, defined as large drops in net capital inflows, have received particular attention, given the collapses in output and investment commonly associated with these events. The premise in most of the recent literature on sudden stops is that emerging market economies are exposed to large fluctuations in the supply of international capital, as a result of imperfections in international financial markets (see Calvo, Izquierdo, and Mejía, 2004, Guidotti, Sturzenegger, and Villar, 2004, Frankel and Cavallo, 2004). In this literature, Wall Street is either the carrier of financial contagion or the originator of the shock itself. |
format |
Artículo |
author |
Cowan, Kevin, 1970- De Gregorio, José Neilson M., Christopher |
author_facet |
Cowan, Kevin, 1970- De Gregorio, José Neilson M., Christopher |
author_sort |
Cowan, Kevin, 1970- |
title |
Financial diversification, sudden stops, and sudden starts |
title_short |
Financial diversification, sudden stops, and sudden starts |
title_full |
Financial diversification, sudden stops, and sudden starts |
title_fullStr |
Financial diversification, sudden stops, and sudden starts |
title_full_unstemmed |
Financial diversification, sudden stops, and sudden starts |
title_sort |
financial diversification, sudden stops, and sudden starts |
publisher |
Banco Central de Chile |
publishDate |
2019 |
url |
https://hdl.handle.net/20.500.12580/3735 |
work_keys_str_mv |
AT cowankevin1970 financialdiversificationsuddenstopsandsuddenstarts AT degregoriojose financialdiversificationsuddenstopsandsuddenstarts AT neilsonmchristopher financialdiversificationsuddenstopsandsuddenstarts |
_version_ |
1718346930141003776 |