Daude, Christian (contributor); … - 2006
-mail: daude@econ.bsos.umd.edu
2 Department of Economics, University of Maryland at College Park, 3105 Tydings Hall College Park … abroad. Moreover,
portfolio investment flows are considered to be more volatile, may exacerbate the magnitude
of business …
of business cycles and also induce or at least worsen financial crises (e.g. Claessens, Dooley
and Warner 1995; Chuhan …