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Sudden Stops and Currency Drops : A Historical Look
Catão, Luis - 2006
Intro -- Contents -- I. INTRODUCTION -- II. PATTERNS OF SUDDEN STOPS -- III. CAPITAL FLOWS AND CURRENCY CRASHES -- IV. DOMESTIC FINANCIAL IMPERFECTIONS AND PROCYCLICAL BEHAVIOR -- V. CONCLUSION -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691199
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Sudden Stops and Optimal Self-Insurance
Kim, Jun Il - 2008
This paper presents a simple model of optimal reserves that can be easily calibrated to compute optimal reserves as well as the implied probability of a sudden stop for given reserves. The model builds upon the global games framework of Morris and Shin to establish a unique relationship between...
Persistent link: https://www.econbiz.de/10012677603
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Sudden Stops and Optimal Policy in a Two-agent Economy
Biljanovska, Nina - 2022
We introduce heterogeneity in terms of workers and entrepreneurs in an otherwise standard Fisherian model to study … Sudden Stop dynamics and optimal policy. We show that the distinction between workers and entrepreneurs introduces a … the relative marginal utilities of consumption, the planner additionally favors entrepreneurs during Sudden Stops to …
Persistent link: https://www.econbiz.de/10015060238
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Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies
End, Nicolas - 2024
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
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Sudden Stops and IMF-Supported Programs.
Mody, Ashoka - 2006
Intro -- Contents -- I. INTRODUCTION -- II. SUDDEN STOPS AND MULTILATERAL INSURANCE -- III. CAPITAL FLOWS AND SUDDEN STOPS -- IV. IMF-SUPPORTED PROGRAMS -- V. MULTIVARIATE ANALYSIS -- VI. IMF-SUPPORTED PROGRAMS AND SUDDEN STOPS -- VII. EXTENSIONS -- VIII. CONCLUSIONS AND IMPLICATIONS -- Appendix...
Persistent link: https://www.econbiz.de/10012691059
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Capital Flows to Central and Eastern Europe.
Milesi-Ferretti, Gian Maria - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE MAIN STYLIZED FACTS: AGGREGATE DATA -- III. THE MAIN STYLIZED FACTS: BILATERAL DATA -- IV. CAPITAL FLOWS AND EXTERNAL ADJUSTMENT -- V. CONCLUDING REMARKS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012690974
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One-Size-Fits-One : Tailor-Made Fiscal Responses to Capital Flows
Zakharova, Daria - 2008
This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country empirical literature, the paper distills some guiding principles for policy...
Persistent link: https://www.econbiz.de/10014409078
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Do Capital Controls Limit Inflow Surges?
Bhargava, Apoorv - 2023
With rising financial integration, the magnitude and swings in capital flows have increased in the past two decades, intensifying the policy debate on how best to deal with these flows. This paper assesses the use and effectiveness of capital controls in limiting inflow surges. Using a novel...
Persistent link: https://www.econbiz.de/10015059619
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Macroprudential Policies in Response to External Financial Shocks
de Carvalho Filho, Irineu - 2023
This paper examines how countries use Macroprudential Policies (MaPs) to respond to external shocks such as US monetary policy surprises or fluctuations in capital flows. Constructing a model of a small open economy with financial frictions and a MaP authority that adjusts loan to value (LTV)...
Persistent link: https://www.econbiz.de/10015059813
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External Financing of Emerging Market Countries : Evidence from Two Waves of Financial Globalization
Faria, André - 2006
Persistent link: https://www.econbiz.de/10012690986