Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - Institute for the Study of Labor (IZA) - 2009
, F4
Keywords: financial globalization, emerging markets, capital flows, capital account
liberalization … capital flows
as a serious impediment to global financial stability (e.g., Rodrik, 1998; Bhagwati, 1998; Stiglitz,
2002 … contrast, others argue that increased openness to capital flows has,
by and large, proven essential for countries aiming to …