Episodes of Large Capital Inflows and the Likelihood of Banking and Currency Crises and Sudden Stops
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper provides an empirical investigation of the relationship between surges in capital inflows and the probability of subsequent banking, currency and balance-of-payment crises. Using a panel of developed and emerging economies from 1970 to 2007, it is shown that a large capital inflow episode increases substantially the probability of...
