Sudden flight and true sudden stops

Review of International Economics

Volumn 19, Issue 3, 2011, Pages 509-524

  Rothenberg, Alexander D ^a   Warnock, Francis E ^b,c,d,e  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b UNIVERSITY OF VIRGINIA   (United States)

^c TRINITY COLLEGE DUBLIN   (Ireland)

^d FEDERAL RESERVE BANK OF DALLAS   (United States)

^e NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CAPITAL FLOW; CURRENCY; ECONOMIC ACTIVITY; EMPIRICAL ANALYSIS; INVESTMENT; MODELING; THEORETICAL STUDY;

EID: 79960594332     PISSN: 09657576     EISSN: 14679396     Source Type: Journal    
DOI: 10.1111/j.1467-9396.2011.00962.x     Document Type: Article

References (28)

1. Admati, Anat R., "A Noisy Rational Expectations Equilibrium for Multi-asset Securities Markets," Econometrica 53 (1985):629-57.
2. Albuquerque, Rui, Greg Bauer, and Martin Schneider, "Global Private Information in International Equity Markets," Journal of Financial Economics 94 (2009):18-46.
3. Auguste, Sebastian, Kathryn M. E. Dominguez, Herman Kamil, and Linda L. Tesar, "Cross-border Trading as a Mechanism for Implicit Capital Flight: ADRs and the Argentine Crisis," Journal of Monetary Economics 53(2006):1259-95.
4. Brennan, Michael and Henry Cao, "International Portfolio Investment Flows," Journal of Finance 52 (1997):1851-880.
5. Burger, John D. and Francis E. Warnock, "Local Currency Bond Markets," IMF Staff Papers 53 (2006):115-32.
6. Burger, John D. and Francis E. Warnock, "Foreign Participation in Local Currency Bond Markets," Review of Financial Economics 16 (2007):291-304.
7. Caballero, Ricardo and Stavros Panageas, "A Quantitative Model of Sudden Stops and External Liquidity Management," NBER working paper 11293 (2005).
8. Calvo, Guillermo A., "Capital Flows and Capital-market Crises: The Simple Economics of Sudden Stops," Journal of Applied Economics 1 (1998):35-54.
9. Calvo, Guillermo A., Alejandro Izquierdo, and Luis-Fernando Mejía, "On the Empirics of Sudden Stops: the Relevance of Balance-sheet Effects," NBER working paper 10520 (2004).
10. Calvo, Guillermo A., Leonardo Leiderman, and Carmen Reinhart, "Capital Inflows to Latin America: The Role of External Factors," IMF Staff Papers 40 (1993):108-51.
11. Chuhan, Punam, Stijn Claessens, and Nlandu Mamingi, "Equity and Bond Flows to Latin America and Asia: The Role of Global and Country Factors," Journal of Development Economics 55 (1998):439-63.
12. Cowan, Kevin and Jose De Gregorio, "International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile," in Sebastian Edwards (ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, Boston, MA: National Bureau of Economic Research (2007).
13. Dooley, Michael P., "Capital Flight: A Response to Differences in Financial Risks," IMF Staff Papers 35 (1988):422-36.
14. Dornbusch, Rudiger, Ilan Goldfajn, and Rodrigo O. Valdes, "Currency Crises and Collapses," Brookings Papers on Economic Activity 2 (1995):219-70.
15. Edison, Hali and Francis E. Warnock, "Cross-Border Listings, Capital Controls, and Equity Flows to Emerging Markets," Journal of International Money and Finance 27 (2008):1013-27.
16. Edwards, Sebastian, "Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops," IMF Staff Papers 51 (2004):1-49.
17. Edwards, Sebastian, "Capital Controls, Sudden Stops and Current Account Reversals," in Sebastian Edwards (ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, Boston, MA: National Bureau of Economic Research (2007): 241-96.
18. Eichengreen, Barry and Pipat Luengnaruemitchai, "Why Doesn't Asia Have Bigger Bond Markets?" in Bank of International Settlements (eds), Asian Bond Markets: Issues and Prospects, BIS paper 30 (2006): 40-47.
19. Faucette, Jillian E., Alexander D. Rothenberg, and Francis E. Warnock, "Outflows-induced Sudden Stops," Journal of Policy Reform 8 (2005):119-30.
20. Flood, Robert and Nancy Marion, "Getting Shut Out of the International Capital Markets: It Doesn't Take Much," Review of International Economics 15 (2009):879-89.
21. Frankel, Jeffrey and Eduardo Cavallo, "Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality," Journal of International Money and Finance 27 (2008):1430-52.
22. Frankel, Jeffrey and Sergio Schmukler, "Country Fund Discounts and the Mexican Crisis of December 1994: Did Mexican Residents Turn Pessimistic before International Investors?" Open Economies Review 7 (1996):511-34.
23. Griffin, John, Federico Nardari, and Rene Stulz, "Are Daily Cross-border Flows Pushed or Pulled?" Review of Economics and Statistics 86 (2004):641-57.
24. Khan, Mohsin S. and Nadeem Ul Haque, "Foreign Borrowing and Capital Flight: A Formal Analysis," IMF Staff Papers 32 (1985):606-28.
25. Lessard, Donald R. and John Williamson, Capital Flight and Third World Debt, Washington DC: Institute for International Economics (1987).
26. Mandilaras, Alex and Helen Popper, "Capital Flows, Capitalizations, and Openness in Emerging East Asian Economies," Review of International Economics 17 (2009):734-50.
27. Mendoza, Enrique G., "Lessons from the Debt-deflation Theory of Sudden Stops," American Economic Review 96 (2006):411-16.
28. Mendoza, Enrique G. and Katherine A. Smith. "Quantitative Implications of a Debt-deflation Theory of Sudden Stops and Asset Prices," Journal of International Economics 70 (2006):82-114.