Fear of Sudden Stops: Lessons from Australia and Chile

Latin American economies are exposed to substantial external vulnerability. Domestic imbalances and terms of trade shocks are often exacerbated by sudden stops of capital inflow. In this paper we explore ways of overcoming external vulnerability, drawing lessons from a detailed comparison of the res...

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Veröffentlicht in:	NBER Working Paper Series 2004-05, p.10519
Hauptverfasser:	Kearns, Jonathan, Caballero, Ricardo J, Cowan, Kevin
Format:	Artikel
Sprache:	eng
Schlagworte:	Banking industry Capital markets Derivatives Development banks Economic Fluctuations and Growth Economic theory Foreign exchange rates International Finance and Macroeconomics Investments Macroeconomics Terms of trade
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