Yap, Josef T. (contributor) - 2008
Institute
Josef T. Yap is President of the Philippine Institute for Development Studies
(PIDS). The author would like to … flows to developing countries (Fernandez-Arias and
Montiel, 1996). Other studies have shown that country specific factors … capital will magnify the problem (Calvo et al., 1994). Meanwhile, in
the event of a sudden capital outflow, these distortions …