This paper studies whether the volume and composition of capital flows affect the degree of credit crunch during the 2007-2009 crisis. Using data on 3823 firms in 24 emerging countries, we find that, on average, the decline in stock prices was more severe for firms that are intrinsically more...

We study whether capital flows affect the degree of credit crunch faced by a country's manufacturing firms during the 2007-09 crisis. Examining 3823 firms in 24 emerging countries, we find that the decline in stock prices was more severe for firms that are intrinsically more dependent on...

International capital flows, while potentially beneficial, are said to increase a country's vulnerability to crisis - especially if they are skewed to non-FDI types. This paper studies whether the volume and composition of capital flows affect the degree of credit crunch faced by a country's...

International capital flows, while potentially beneficial, are said to increase a country's vulnerability to crisis - especially if they are skewed to non-FDI types. This paper studies whether the volume and composition of capital flows affect the degree of credit crunch faced by a country's...

The existing literature on the role of international capital fl ows for housing markets can be classifi ed into approaches which focus on the macro relationship between the current account and housing prices on the one hand and studies which specify more specific transmission channels on the...

Die aktuelle Finanz- und Wirtschaftskrise wird mit unterschiedlichen Erklärungsmustern unterlegt. Die vorherrschende Meinung ist, dass sowohl die Märkte als auch der Staat in Hinblick auf Finanzmarkttransaktionen versagt hätten. Jan Priewe sieht demgegenüber in den globalen wirtschaftlichen...