Preemptive Policies and Risk-Off Shocks in Emerging Markets
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We show that preemptive capital flow management measures (CFM) can reduce emerging markets and developing countries' (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during 1996-2020 at monthly frequency, we document that
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美国国家经济研究局创建时间:
2022-01-01



