The resolution of global imbalances: Soft landing in the North, sudden stop in emerging markets?

Journal of Policy Modeling

Volumn 28, Issue 6, 2006, Pages 605-613

  Calvo, Guillermo ^a   Talvi, Ernesto ^b  

^a INTER AMERICAN DEVELOPMENT BANK   (United States)

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

Author keywords

Emerging markets; Soft landing; Sudden stops; Sustainable equilibrium; US current account imbalances

Indexed keywords

EID: 33747337032     PISSN: 01618938     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpolmod.2006.06.008     Document Type: Article

References (8)

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3. Calvo, G. A., Izquierdo, A., Mejía, L. F. (2004). On the empirics of sudden stops: The relevance of balance sheet effects. NBER Working Paper 11492.
4. Calvo, G. A., Izquierdo, A., Talvi, E. (2006). Phoenix miracles in emerging markets: Recovering without credit from systemic financial crises. NBER Working Paper 12101.
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