Benigno, Gianluca; Converse, Nathan; Fornaro, Luca - Department of Economics and Business, Universitat … - 2014
This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital inflows, and we find that these events are typically accompanied by an...