Quels pays émergents ont été victimes d'un arrêt brutal des entrées de capitaux pendant la crise ?

Fabrice Berthaud and Stéphane Colliac

Economie & Prévision, 2010, vol. n° 194, issue 3, 129-136

Abstract: 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.

Keywords: sudden stop; capital outflows; financial crisis (search for similar items in EconPapers)
Date: 2010
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