Sudden stops and Phoenix Miracles in emerging markets

American Economic Review

Volumn 96, Issue 2, 2006, Pages 405-410

  Calvo, Guillermo A ^d,e   Izquierdo, Alejandro ^e   Talvi, Ernesto ^f   Aghion, Philippe ^a   Devereux, Michael ^b   Perri, Fabrizio ^c  

^a HARVARD UNIVERSITY   (United States)

^b UNIVERSITY OF BRITISH COLUMBIA   (Canada)

^c NEW YORK UNIVERSITY   (United States)

^d UNIVERSITY OF MARYLAND   (United States)

^e INTER AMERICAN DEVELOPMENT BANK   (United States)

^f Center for the Study of Economic and Social Affairs (CERES)   (Uruguay)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33744551996     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282806777211856     Document Type: Conference Paper

References (9)

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4. Calvo, Guillermo A.; Izquierdo, Alejandro and Mejía, Luis-Fernando. "On the Empirics of Sudden Stops: The Relevance of Balance-sheet Effects." National Bureau of Economic Research, Inc., NBER Working Papers: No. 10520, 2004.
5. Calvo, Guillermo A.; Izquierdo, Alejandro and Talvi, Ernesto. "Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Ar gentina's Lessons," in Volbert Alexander, Jacques Mélitz and George M. von Furstenberg, eds., Monetary unions and hard pegs: Effects on trade, financial development and stability. Oxford: Oxford University Press, 2003, pp. 151-81.
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7. Eichengreen, Barry; Hausmann, Ricardo and Panizza, Ugo. "The Pain of Original Sin," in Barry Eichengreen and Ricardo Hausmann, eds., Other people's money: Debt denomination and financial instability in emerging market economies. Chicago: University of Chicago Press, 2005.
8. Fisher, Irving. "The Debt-Deflation Theory of Great Depressions." Econometrica, 1933, 7(4), pp. 337-57.
9. Hart, Oliver. Firms, contracts, and financial structures. Oxford: Oxford University Press, 1995.