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Hedging Sudden Stops and Precautionary Contractions

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NBER2003-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9778
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Even well managed emerging market economies are exposed to significant external risk, the bulk of which is financial. At a moment's notice, these economies may be required to reverse the capital inflows that have supported the preceding boom. While capital flows crises are sudden nonlinear events
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2003-06-01
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