The probability of sudden stop of capital flows - the case of Albania

Gerti Shijaku

MPRA Paper from University Library of Munich, Germany

Abstract: The main goal of this paper is to develop a better understanding of international capital flows based on the episode of sudden stop concept. First, we compute a sudden stop indicator (or our binary variable) in order to analyze movements in foreign capital flows. Second, the probability of these episodes is estimated as a function of some economic fundamentals by running a probit estimation with quarterly data over the period 2004–2012.

Keywords: Sudden stop; Capital Flows; probit model (search for similar items in EconPapers)
JEL-codes: C5 C82 F21 F32 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:79138

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