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Sudden Stops and Output Drops : Can Theory Link the Two?

Chakraborty, Suparna - 2013

Empirical literature overwhelmingly suggest that sudden stops lead to output drops. Can general equilibrium theory predict this link or is it theoretically impossible for sudden stops to generate output drops by themselves as other studies suggest? In this paper we contend that the answer...

Persistent link: https://www.econbiz.de/10014055421

Determinants and Repercussions of the Composition of Capital Inflows

Carlson, Mark A.; Hernández, Leonardo - 2003

The Mexican, Asian, and Russian crises of the mid- and late 1990s, have renewed the interest among policymakers in the determinants and effects of private capital flows. This paper analyzes whether policies can affect the composition of capital inflows and whether different compositions...

Persistent link: https://www.econbiz.de/10014119832

Capital Inflows, Financial Intermediation, and Aggregate Demand : Empirical Evidence from Mexico and Other Pacific Basin Countries

Kamin, Steven B.; Wood, Paul R. - 1997

In trying to explain the balance-of-payments and banking crises of 1994-95 that erupted in Mexico, observers have … that these inflows contributed to rapid monetary growth, real appreciation of the peso, and the widening of Mexico … Mexico was not yet ready to grow rapidly, these inflows may have contributed to the fall in Mexico's savings rate. This paper …

Persistent link: https://www.econbiz.de/10014102405