Chong, Alberto; Izquierdo, Alejandro; Micco, Alejandro; … - In: International Finance 8 (2005) 2, pp. 167-198
According to recent research, external factors are key determinants of capital flows to emerging market countries. They are among the causes of high capital flow volatility that, in turn, leads to high levels of macroeconomic volatility. We postulate that, along with political governance,...