Ahrend, Rudiger; Goujard, Antoine - In: International Finance 17 (2014) 2, pp. 135-160
type="main" xml:lang="en" <title type="main">Abstract</title> <p>This paper examines whether the composition of a country's external liabilities and assets affects its risk of suffering financial turmoil. Using a panel of 184 developed and emerging economies from 1970 to 2009, and looking at the impact of financial account...</p>