Sudden Flight and True Sudden Stops

We extend the sudden stops literature by recognizing that crisis episodes can be caused by the retreat of global investors, as is commonly assumed but not shown in the extant literature, or by the sudden flight of local investors. We find that almost half of the previously defined sudden stops are a...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Review of international economics 2011-08, Vol.19 (3), p.509-524
Hauptverfasser:	Rothenberg, Alexander D., Warnock, Francis E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Asymmetric information Capital flow Capital movement Currencies Currency devaluation Economic conditions Economic crisis Economic theory International investment Investors Studies Sudden stops
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!