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From Capital Flow Bonanza to Financial Crash

Carmen Reinhart and Vincent Reinhart

MPRA Paper from University Library of Munich, Germany

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.

Keywords: international capital flows; crses procyclical polices (search for similar items in EconPapers)
JEL-codes: N1 (search for similar items in EconPapers)
Date: 2008-08
New Economics Papers: this item is included in nep-acc
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Published in VoxEU-CEPR (2008): pp. 1-9

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/11866/1/MPRA_paper_11866.pdf original version (application/pdf)

Related works:
Working Paper: The Capital Inflow “Problem” Revisited (2011) Downloads
Chapter: Capital Flow Bonanzas: An Encompassing View of the Past and Present (2009) Downloads
Working Paper: Capital Flow Bonanzas: An Encompassing View of the Past and Present (2008) Downloads
Working Paper: Capital Flow Bonanzas: An Encompassing View of the Past and Present (2008) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11866

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