From Capital Flow Bonanza to Financial Crash

From Capital Flow Bonanza to Financial Cras

Carmen Reinhart () and Vincent Raymond 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)
New Economics Papers: this item is included in nep-acc
Date: 2008-08
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