Frost, Jon; Saiki, Ayako - de Nederlandsche Bank - 2013
robust indicator, reducing the probability of currency crisis for advanced economies, but less so for EMEs. Second, surges in … gross (but not net) capital inflows in general increase the risk of a currency crisis, but looking at a disaggregated level …, gross portfolio flows increase the risk of a currency crisis for advanced economies, whereas gross FDI inflows decrease the …