Moreno, Ramon; Trehan, Bharat - Federal Reserve Bank of San Francisco - 2000
rates and investment flows. We find that common shocks can explain between
sixty to eighty percent of the variation in the … comparison.
Turning to panel A, our global measure has peaks in the mid-1970s, the early 1980s and
the early 1990s. The OECD set … countries in Africa or Latin America are unlikely to face the
same pressures. As a comparison of panels B and E in Chart 1 …