Country Risk and Capital Flow Reversals

Assaf Razin and Efraim Sadka

No 8171, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: A financial crisis with a capital flow reversal occurs when a country shifts abruptly from a 'good' equilibrium with a low country-specific risk premium to a 'bad' equilibrium with a high country-specific risk premium and no foreign credit.

JEL-codes: F3 (search for similar items in EconPapers)
Date: 2001-03
Note: IFM
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Citations: View citations in EconPapers (22)

Published as Razin, Assaf and Efraim Sadka. "Country Risk And Capital Flow Reversals," Economics Letters, 2001, v72(1,Jul), 73-77.

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Journal Article: Country risk and capital flow reversals (2001)
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