Izquierdo, Alejandro; Calvo, Guillermo A.; Mejía, Luis … - Inter-American Development Bank - 2008
Using a sample of 110 developed and developing countries for the period 1990-2004, this paper analyzes the characteristics of systemic sudden stops (3S) in capital flows and the relevance of balance-sheet effects in the likelihood of their materialization. A small supply of tradable goods...