Which Emerging Countries Experienced Sudden Stops in Capital Inflows during the Crisis?
Type de matériel :
TexteLangue : français Détails de publication : 2011.
Sujet(s) : Ressources en ligne : Abrégé : The authors apply the method developed by Calvo, Izquierdo, and Mejia (2004) for identifying sudden stops in capital inflows to the 2008-2009 global crisis. The method makes it possible to identify the periods in which capital flows drop abruptly enough to create financing constraints that force a cutback in demand. This scenario occurred in 25 of the 35 emerging countries in our analysis, with a greater intensity in emerging Europe. Most of the economies concerned rebounded swiftly at the end of the crisis - a pattern observed in earlier crises of this kind.
Nous n'avons pas d'exemplaire de ce document
5
The authors apply the method developed by Calvo, Izquierdo, and Mejia (2004) for identifying sudden stops in capital inflows to the 2008-2009 global crisis. The method makes it possible to identify the periods in which capital flows drop abruptly enough to create financing constraints that force a cutback in demand. This scenario occurred in 25 of the 35 emerging countries in our analysis, with a greater intensity in emerging Europe. Most of the economies concerned rebounded swiftly at the end of the crisis - a pattern observed in earlier crises of this kind.
Réseaux sociaux