financial indicators around the “twin crises” in Kaminsky and Reinhart (1996) and is described in greater detail in Kaminsky …

public and private external debt. Finally, we revisit recent episodes of emerging crises by drawing out two serious …

We analyze how financial and economic crises affect the relation between the components of capital flows and their … determinants in an emerging economy. Our results suggest that the composition of capital flows matters, crises can explain the … find that they correspond to international and domestic crises that hit the country. Although both components are affected …

business cycle and during financial crises. We show that gross capital flows by foreigners and domestic agents are very large … capital and domestic agents tend to invest more abroad. During crises, especially during severe ones, there is retrenchment, i …

flows, over the business cycle and during financial crises. We show that gross capital flows are very large and volatile … more abroad. During crises, total gross flows collapse and there is a retrenchment in both inflows by foreigners and … outflows by domestic agents. These patterns hold for different types of capital flows and crises. This evidence sheds light on …

portfolio performanceâ€(tm)s dynamics before, during and after the present economic and financial crises climax. We categorize … on real economy, cause of the current economic and financial crises. …

global financial crises in the assets administrated by the pension funds in OECD countries and shows the fundamental role …