Valdés, Rodrigo O.; Hernández, Leonardo; Melado, Pamela - International Monetary Fund (IMF) - 2001
This paper studies the determinants of private capital flows to developing countries during the last two episodes of large inflows, the late 1970s-early 1980s and the 1990s. The paper also tests for contagion effects in capital flows among recipient countries, and tries to identify specific...