Guidotti, Pablo E.; Sturzenegger, Federico; Villar, Agustín - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2004)
Our analysis shows a number of interesting empirical regularities. First, when we apply a simple definition of sudden stops, we find that they have been a fairly common occurrence at least since the late 1970s. Second, economic performance after a sudden stop can differ dramatically across...