Aizenman, Joshua; Ito, Hiro - 2021
implications on Emerging Markets and global stability. The first strategy is the U.S. aiming at returning to the 2019, pre … snowball effect, inducing a deeper future sudden stop crises and instability of Emerging Markets. We illustrate this scenario … by evaluating Emerging Markets’ lost growth decade during the 1980s, triggered by the massive reversal of the snowball …