Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880-1913
收藏NBER2007-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13489
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资源简介:
Using a sample of 20 emerging countries from 1880 to 1913, we study the determinants and output effects of sudden stops in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency debt to total debt) and large current account deficits
提供机构:
美国国家经济研究局
创建时间:
2007-10-01



