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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Autores principales: Cowan, Kevin, 1970-, De Gregorio, José, Neilson M., Christopher
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3735
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spelling 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
institution Banco Central
collection Banco Central
language eng
topic CRISIS FINANCIERA
MOVIMIENTOS DE CAPITAL
MERCADO FINANCIERO
spellingShingle 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
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