Smith, Katherine A. (contributor); … - 2008
-13
http://www.frbsf.org/publications/economics/papers/2007/wp07-13bk.pdf
The Composition of Capital Inflows When Emerging … follow a predictable
dynamic pattern across the business cycle. In most emerging market economies, total inflows are
pro … the phase of the business cycle. In this manner, the financial frictions are
able to explain the interaction between the …