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Sudden Flight and True Sudden Stops

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NBER2006-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12726
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We extend the sudden stops literature by allowing crisis episodes to be caused by either the retreat of global investors, as is assumed but not shown in the extant literature, or the sudden flight of local investors. We find that almost half of the previously defined sudden stops are actually
创建时间:
2006-12-01
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