Publisher: Washington, DC: Inter-American Development Bank, Research Department
Subject: F41 | F32 | capital flows | Phoenix Miracle | F31 | F34 | Great Depression | Output collapse | systemic crises | Balance of Payments crisis | Output collapse, systemic crises, Balance of Payments crisis, Sudden Stop, capital flows, Phoenix Miracle, credit crunch, Great Depression | credit crunch | Sudden Stop
jel: jel:F31 | jel:F41 | jel:F34 | jel:F32
Using a sample of emerging markets that are integrated into global bond markets, we analyze the collapse and recovery phase of output collapses that coincide with systemic sudden stops, defined as periods of skyrocketing aggregate bond spreads and large capital flow rev... View more
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